Re:Dear Bureaucrat, my job wants me to lie
by kgermino on Thursday June 13, 2019 @03:09PM
(#20177746)
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.
Fascinating. 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.
Re:Dear Bureaucrat, my job wants me to lie
by schreiaj on Thursday June 13, 2019 @05:03PM
(#20178554)
I 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.
I doubt that it said you had to move in, unless it was a condo with bizarrely strict vacancy rules. do you mean that it said you have the right to move in in those time-frames?