Primary-residence sentence example

primary-residence
  • If the couple owns a primary residence as well as a vacation property that are equal in value, the couple may agree that one person should keep the house and the other one will retain ownership of the vacation property.

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  • If applying for a Home Keeper Mortgage, homeowner must occupy the home as their primary residence.

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  • For this reason, you will probably find the application process for an investment home more complex than the process you encountered with your primary residence.

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  • Borrower should use the home as a primary residence.

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  • You are not expected to make payments on the reverse mortgage as long as you use the home as your primary residence.

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  • The home should be the applicant's primary residence and not a rental or vacation home.

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  • You need to know what mortgage qualifies as an investment and what mortgage qualifies as a primary residence.

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  • With all the changes in real estate in Minnesota, this can also be a good time for individuals looking for a property either for investment purposes or as a primary residence.

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  • The mortgage is forgiven once the homeowner meets the requirement of occupying the property as his or her primary residence for a minimum of ten years.

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  • One stipulation is that it must be your primary residence.

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  • The payment on a reverse mortgage comes due when the borrower moves out of the home as a primary residence or dies.

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  • In fact, in instances when the homeowner stays in the home as a primary residence until death, the homeowner never makes a single payment.

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  • The home must be the homeowner's primary residence.

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  • The property may only be used as a primary residence.

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  • You are about to move from your home, but you are going to maintain the home as a rental property, and you want to lower the monthly payments as much as possible before you no longer hold it as a primary residence.

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  • The home must be your primary residence.

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  • In other words, risking a primary residence or a retirement account in order to invest in investment property can result in losing everything brought to the equation.

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  • It's easier to obtain 100% financing for a primary residence than for an investment property.

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  • All things considered, your rate may only be slightly higher than an individual applying for a mortgage for a primary residence if you meet certain requirements.

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  • While there are certain qualifications for purchasing HUD housing, nearly anyone can purchase such a home, especially those buying the house as their primary residence.

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  • Government loans for first time home buyers provide mortgage insurance for families who plan to purchase their first, primary residence.

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  • However, the property must be the primary residence of at least one of the co-borrowers.

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  • Mortgage brokers are commonly used by people who want to purchase residential structures, either as a primary residence or even as an investment home that will be rented out or resold after some repairs and improvements.

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  • When stated income loans were popular, some individuals lied to qualify for a mortgage they could not actually afford in order to buy a primary residence or to flip an investment property they believed would make them rich.

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  • Homeowners are statistically more likely to default on homes that are rented out than they are on their primary residence.

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  • In addition to purchasing a home within the specified period of time, the taxpayer must have been older than 18 and have been purchasing a home for use as their primary residence.

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