All Forum Posts by: Jordan G.

Bill, I appreciate the counterpoint.

My wife was already domiciled at the new airport at time of signing. Thus our thoughts that remaining in in our home of 4 years would be easier. Over the past 4 months we are finding that the traffic is consistently much worse than we had thought. We had envisioned 2 hour drives that are routinely 3.5+. Probably 5 roundtrips a month.

Do you have any experience with a request of this sort? By even posing the request am I asking for months of headache and inquiry, that might just be worth waiting a while to avoid.

Thanks for the insight gentlemen.

Those are my thoughts as well. As far as enforcement goes, I think they will find out when the insurance policy changes to a tenant occupied policy. I'll try the official request.

Hello,

My Wife and I refinanced our home with an Owner Occupied loan 4 months ago. The language appears to be standard, 12 months occupancy unless Lender otherwise agrees.

At the time my wife, a pilot, had recently been awarded a transfer to a domicile about 100 miles away, which was closer than her previous 180 miles, which she drives each way about 8 times a month. We like where we live and considering the number of times she has to drive, thought this would be a good long term plan to stay. This new drive has proven to be more burdensome than we had thought due to traffic and we are thinking of moving closer to her new airport.

We would be moving about 75 miles from our current location and would plan to Rent out our home and be renters for a while in the new city.

In the forums experience, would this situation get acceptance from a lender so soon in to the 12 month Occupancy clause? And do we risk anything by asking permission, i.e. if denied can we just wait out the remaining 8 months and do as we please?

Thanks for your time.