I do not own any real estate and the home I want to buy is 12 hours away in another state. If I get a Primary Residence Loan, and the home ends up being an investment property, how does that affect me? Will it only come up if I sell it and am faced with capital gains?
can i get a primary residence loan on a home that is not my primary residence?
31
Mar
holbright
March 31, 2010 at 7:55 am
Legally, No.
DEVILSCORNER
March 31, 2010 at 8:04 am
No, No, No, No, No. You could possibly face fraud charges and Federal fines. Some people will tell you there are ways. Just say “NO!”