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Mortgage Professor about owner occupied properties: | |||||||||||||||||||||||
Questions About Title Insurance
December 16, 2002 "What is title insurance?" Title insurance is protection against loss arising from problems connected to the title to your property. Before you purchased your home, it may have gone through several ownership changes, and ... more... The Cash-Out Mortgage Refinance Scam October 6, 1999 My niece spent most of last summer working on a house for a poor family under the Habitat for Humanity program, and was so proud when the family moved in. But the family hadn't been in the house 6 months when they ... more... |
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owner occupied properties related definitions |
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Owner Occupied Property
Owner Occupied Property A borrower uses the property as a primary residence. An Owner Occupied loan is secured by property, typically with the borrower renting and occupying the space. If more than one unit, the lease payments may directly support principal and interest ... more... Vacation Home Vacation Home Vacation home is a seasonally occupied property that is not the primary residence of the owner. Such residences are usually found in areas with substantial opportunities for recreation or tourist activity. Vacation Home As Investment When market is ... more... |
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