Posted on: 09th Jan, 2009 07:18 pm
Hello, If you are living in a house and if you are renting a portion of the house, say 1/4th of sq ftage, can it still be considered your primary residence when forclosed (Ref to Mortgage forgiveness Act).
Thanks.
Thanks.
Lying on a loan application is a federal offense. Read the block of terms that appear above your signature on the loan application.
If found out, this could cause a lender to immediately call your loan due, or cause an increase in interest rate to what is typically investor rates, etc.
I suggest you not lie to the lender.
If found out, this could cause a lender to immediately call your loan due, or cause an increase in interest rate to what is typically investor rates, etc.
I suggest you not lie to the lender.
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