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Updated 3 months ago,
Assuming investment loan and actual use of property
Hello,
If I purchased a SFH with an investment loan (i.e. not primary home loan), and it's been over 2 years since I got the loan can I transfer the loan (presumably the buyer needs to go through all the same loan due diligence from lender) to a buyer that will use the home as their primary or secondary home? Or does the buyer need to use the home as an investment home?
Please assume the loan is transferable/assumable, I'm still confirming.
Thank you in advance.
James