Its probably one of the most popular lays you to definitely home buyers tell mortgage lenders, and it can get on the brand new upswing: In order to get a lowered interest and you may advance payment, candidates state it decide to entertain the house because a principal residence while in facts he has zero including intent.

Paul Skeens, chairman out of Colonial Financial Category inside Waldorf, Md., states, We probably have somebody try to let me know you to [the house] is proprietor-occupied double thirty day period, and you can [I] see darn better it isn’t. Read more