You found the perfect house. It took you and your agent a few months searching and waiting for just the right property but once it hit the market you were all over it. You got your loan approved at your lender and from that point on it was merely a matter of time. But how much time, exactly? Does a lender require you to move into the home at a particular time?
During the mortgage approval process, the lender wants to know if you'll live in the property or rent it out. Rental properties will have higher interest rates and more down payment compared to a primary residence. Lenders know that when property owners face financial difficulties, the primary residence will be held at all costs and letting rental properties be foreclosed upon.
How do lenders know you're going to occupy the property and not rent it out? First, you tell the lender. If you're going to live in the property there's a box to be checked on the application informing the lender of your intentions. But it also has to make sense. Are you moving from your current residence to the new home? A bigger house? First time home buyer? If there are any ฝากขายอาคารพาณิชย์ questions regarding occupancy you can bet your lender will ask them.
The lender also wants you to physically move into the property. You can't buy the property with intentions of moving in and six month's later you still haven't made the transition. In order to be considered an owner-occupied property it makes sense that you have to actually occupy it, right? A lender wants you to occupy your new real estate within a 30 day period. If you can't do that, then speak with your lender and explain your situation. If not, the lender might make a visit to the property in a couple of months and knock on the door; if someone besides you answers the door, you can expect a phone call from your new lender asking more than a few questions.
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