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Updated about 7 years ago on . Most recent reply

Adam Mittermeier's profile image
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Adam Mittermeier
  • Specialist
  • from Little Rock, AR
  • Member since Jun 3, 2018
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Adam Mittermeier's profile image
Adam Mittermeier's profile image
Adam Mittermeier
  • Specialist
  • from Little Rock, AR
  • Member since Jun 3, 2018
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Adam Mittermeier
  • Specialist
  • Little Rock, AR
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What is considered "living" in a duplex?

Adam Mittermeier
  • Specialist
  • Little Rock, AR
Posted

So I definitely like the idea of putting down 3-5% on a duplex instead of 20% on a single family house. So my question is, what is technically considered "establishing residence" in a duplex in Real estate terms to qualify for a loan with lower interest? Do you have to receive mail there? have a toothbrush at the house? What is the terms for that? 

The reason i ask is because i travel A LOT for work and am wondering how my residence would be established if im not really ever there. 

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