Home arrow Mortgage Forums arrow Forums: Learn from other's experiences arrow

Occupancy Status

Author Message
Icon Mini Profile richosasimohan





Joined: 18 Jul 2007

Posts: 38

23.61 Dollars($)
Post Posted: Wed Oct 24, 2007 6:46 am    Post subject: Occupancy Status
Like 0
Dislike 0

Need a brief explanation about occupancy status it's types and criteria's
Icon Mini Profile evolovik26
evolovik26
Community Expert
Community Expert

best lender badge

Joined: 15 Aug 2007

Posts: 537
Location: Minneapolis
28.93 Dollars($)
Post Posted: Wed Oct 24, 2007 6:57 am    Post subject:
Like 0
Dislike 0

Owner Occupied - means you live there and intend to live there
2nd Home- Lake home, Cabin, Residence in another city or state where you live part of the time. (vacation home)
Investment (Non Owner Occupied) - you rent or intend to rent the property out in order to recieve rental income from it.

_________________
Eugene Volovik
Home Loan Consultant
Countrywide

612-481-3127
Conventional, FHA and Commercial Lending in 48 states
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights
Bookmark this page
Share |

Helpful References
Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community
MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards
Five simple ways to earn money with the Mortgage Community.

MortgageFit on Twitter

Followers (265)








Community Chat

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 21.044 seconds.