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We're in the process of buying a house. There may be a time at which we own two houses (and have two mortgages).

Presumably only one of them can be a primary residence? If so, do I need to pursue refinancing, or is that determined by the lender?

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A question with a question-why not sell your house first? Less risk in this real estate market. The legal beagle will have to answer your other question-my thoughts are it doesn't really matter unless you call attention to it in some way by not paying the mortgage. – Dr Dean Jan 12 at 21:32
I couldn't buy the other house contingent on the sale of my current one. – mbhunter Jan 13 at 2:25

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