You sign off a statement at closing

回答: 2nd. home or an investment property?tryyyyyy2012-04-12 10:31:35

If the loan was acquired as for 2nd home and you actually use the property for rental - bank can take the loan back at any time, and you'll be subject to criminal charge.

All lenders require this statement nowadays - because they do know some people take a 2nd home loan (for the mere benefit of 0.5% interest difference) but use the properties for investment.

They want a way that they can take action if they choose to, any time.

Plus, in this internet age, to find out a property is rented or not will be a matter of minutes.

 

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回複:You sign off a statement at closing -tryyyyyy- 給 tryyyyyy 發送悄悄話 tryyyyyy 的博客首頁 (139 bytes) () 04/12/2012 postreply 10:43:00

Title has no difference -beachlver- 給 beachlver 發送悄悄話 (0 bytes) () 04/12/2012 postreply 12:58:01

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