3 ms·
Most loans are based on owner occupancy so the bank (really the Federal Government) will require that you are going to live the in house “immediately” to qualif
by kgermino 7y ago
Most loans are based on owner occupancy so the bank (really the Federal Government) will require that you are going to live the in house “immediately” to qualify for a better rate.
- papln 7y agoFascinating. I've never heard that mentioned when associates have purchased a property and but took up to 1 year or more to renovate or rebuild it before moving in.
- schreiaj 7y agoI at one point did call the bank and ask about that (I took a few weeks to move stuff in and it was going to exceed their timeline), their response was more or less "we're not going to check in on you or anything? If you say it's your primary residence that's all we need". Nobody checks on it.