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Updated over 5 years ago on . Most recent reply

What happens to my rate if I decide to not live in duplex?
I am about to put an offer on a duplex and I would appreciate some help from you guys. We may live in one of the units and will be applying for primary residence mortgage - what happens with our mortgage rate if after the inspection or after we close on the sale we decide we do not want to live in one of the units?
Most Popular Reply

@Stevan Radojevic You will be able to get free accomodation for the next 30 years and up to $1m dollar fine. It is mortgage fraud to say you are going live and not move.