Tag Archive for: owner-occupied

Converting a Primary Residence Into a Rental: Considerations

/in ,
Many buyers take advantage of owner-occupied financing, even if they plan on renting out the properties later on, because the rates and down payment requirements are so much lower. These buyers do need to be careful and here are some of the considerations.Read More

Fast Closes and Rentbacks to Compete Against Cash; CD Timing

/in ,
Rentbacks: All lenders offer lower rates for “owner-occupants” than they do for investors. To qualify for “owner-occupied” rates, buyers must agree to move into the property within 60 days of […]Read More

Occupying Properties Within 60 Days; Notice to Vacate; Proof; Calling Loan

/in ,
  Owner-Occupied Financing – 60 Days “Owner-occupied” financing is more favorable than investment property financing because the risk of default is much less. Because of this lenders need to make […]Read More