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Updated about 5 years ago,

User Stats

5
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5
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Ryan Oneal
5
Votes |
5
Posts

Loan requires occupancy question

Ryan Oneal
Posted

We’re purchasing a home in a high demand area and we would like to rent it out on weekends every now and then. We plan on renting a small studio for ourselves to keep most of our belongings there and attempt to rent it out 2-3 times a month. Our loan requires occupancy during the first year though. Are we not allowed to occasionally rent it out due to this requirement?

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