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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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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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Asked: Jan 12 '10 at 05:28
Seen: 551 times
Last updated: Apr 05 '10 at 08:00
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.
I couldn't buy the other house contingent on the sale of my current one.