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SVTPerformance's Chain of Restaurants
Road Side Pub
"mortgage question minimum required to prove primary residence for mortgage.
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<blockquote data-quote="masterjr33" data-source="post: 14660714" data-attributes="member: 156636"><p>Long story short. I am getting a mortgage for my mothers house to fix her roof while she is in rehab.</p><p></p><p>i have to have the mortgage in MY name. </p><p>her credit is shot since she is in rehab and has no income. cant be on mortgage.</p><p>cant afford to do a "investment property loan" term is to short.</p><p></p><p>I am told i have to have the house:</p><p>Move in ready at time of mortgage closing. not a problem</p><p>im filing as this is my "primary residence "</p><p></p><p>#1 i dont want to move in there</p><p>#2 i dont want to live there. </p><p></p><p>me and my wife live just fine where we are. and i do not wish to "move" all our crap just to satisfy a mortgage "rule" for a house we are going to continue to rent out any ways.</p><p></p><p></p><p>anyone familiar with mortgage information can tell me what is the Minimum required to proof </p><p>"primary residence" ? just a electric bill? do i need to put a bed and some clothes in the house?</p><p>do i just need to get mail? are they going to send someone by to make sure i live there after the mortgage is complete. whats my risk. and what do i need to show them .</p></blockquote><p></p>
[QUOTE="masterjr33, post: 14660714, member: 156636"] Long story short. I am getting a mortgage for my mothers house to fix her roof while she is in rehab. i have to have the mortgage in MY name. her credit is shot since she is in rehab and has no income. cant be on mortgage. cant afford to do a "investment property loan" term is to short. I am told i have to have the house: Move in ready at time of mortgage closing. not a problem im filing as this is my "primary residence " #1 i dont want to move in there #2 i dont want to live there. me and my wife live just fine where we are. and i do not wish to "move" all our crap just to satisfy a mortgage "rule" for a house we are going to continue to rent out any ways. anyone familiar with mortgage information can tell me what is the Minimum required to proof "primary residence" ? just a electric bill? do i need to put a bed and some clothes in the house? do i just need to get mail? are they going to send someone by to make sure i live there after the mortgage is complete. whats my risk. and what do i need to show them . [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
"mortgage question minimum required to prove primary residence for mortgage.
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