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Updated about 5 years ago on . Most recent reply

Mary Lloyd's profile image
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Mary Lloyd
  • from Rockford, IL
  • Member since Aug 26, 2018
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Mary Lloyd's profile image
Mary Lloyd's profile image
Mary Lloyd
  • from Rockford, IL
  • Member since Aug 26, 2018
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Mary Lloyd
  • Rockford, IL
1
Votes |
7
Posts
Private Lending & Conventional Mortgage Advice

Second home or primary residence

Mary Lloyd
  • Rockford, IL
Posted

My parents have not owned a house before and I currently have a mortgage on a house with my boyfriend. My parents and I are planning on buying a house together using a conventional loan.

For mortgage and tax standpoint, would that be considered a primary residence or a second home?

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Mary Lloyd's profile image
Mary Lloyd's profile image
Mary Lloyd
  • from Rockford, IL
  • Member since Aug 26, 2018
Connect

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Mary Lloyd's profile image
Mary Lloyd's profile image
Mary Lloyd
  • from Rockford, IL
  • Member since Aug 26, 2018
Connect
Mary Lloyd
  • Rockford, IL
1
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7
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Mary Lloyd
  • Rockford, IL
Replied

@Neil Schoepp

That makes sense. Thank you.

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