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Updated over 1 year ago, 04/28/2023
What happens if I rent out the house I claimed to be my primary residence?
Taking out conventional loan with 5% down for my second house claiming it will be my primary residence. I have all intention to move to that house after closing, but I am just wondering what happens if I just remained in my current residence and rent out the new house.
Who is responsible to keep track of whether I am really living in the new house?
Thanks!