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Updated almost 4 years ago,

User Stats

50
Posts
34
Votes
James Elden
34
Votes |
50
Posts

Would getting a new primary home loan every year be a problem?

James Elden
Posted

My understanding is that it is essentially possible to get a new primary home loan every year if you buy a house, live in it for a year, then, once the year is up rent it out and buy another place, do the same thing over again and so on. I'm wondering if this would eventually raise any red flags with lenders or if they would even know the type of my other loans if I went with a new lending company each year? I am planning to move into and live in the house each time I buy a new primary residence so I'm not looking to skirt any rules, just wondering if this is something that would cause issues assuming I am staying with in the rules.

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