Primary residence?

1 Reply

Hi All,

I recently bought a property for myself. As part of the financing I had to sign an affadavit that states it will be my primary residence for a year etc etc.

However my gf just asked me to move in with her. What are my options on this? Can I rent it out even though my year is not up? My loan was a homepath loan, not sure if that's significant. Has anyone else faced this diliemma?

Thanks

Stone

I am not sure about the likelihood of you getting busted by your lender, or that they would even do anything if they knew.

However you definitely will want to notify your insurance agent about that change.

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