Buying a Home Shortly After Refinancing

Does the occupancy of your new home loan impact your loan options for the next 6 months?   Yes, yes and absolutely yes it can.   Occupancy intent is atop the radar of all lenders and for a very good reason. Occupancy refers to the manner in which a borrower will occupy the home.  For example, the 3 options are: owner occupied non owner occupied vacation home Home lending has forever been concerned with occupancy.  However, more recently mortgage investors increased their … [Read more...]