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Updated over 5 years ago on . Most recent reply
House Hacking - Definition of Primary Residence
From a mortgage perspective, does anyone have a definition of what "Primary Residence" is and how it is tested? Putting on a pseudo-lawyer hat, I can think of multiple interpretations:
- Location where you sleep
- Location where you spend the greatest number of hours
- Address used on taxes
There are probably hundreds more ... and I can think of many exceptions to those above. I look forward to the ensuing discussion.
Joe