I have two homes, due to work. Which is primary? To me both or either, or neither. Semantics at best. I have a bed and bikes at both,dual primary? Biprimarial? Interprimarial? Give me a break
Replies
Same here!
aug 30, 2025, 8:47 pm • 0 0 • view
For lending purposes only one would be primary
aug 30, 2025, 8:47 pm • 20 0 • view
How about 'principal'?
aug 31, 2025, 4:37 am • 0 0 • view
There’s no difference
aug 31, 2025, 4:40 am • 0 0 • view
That said, no lender would expect perfect representation from you at the start. That’s what underwriting is for!
aug 30, 2025, 8:48 pm • 31 2 • view
Also not being argumentative to you, just seems a trifle of a detail to try to hang someone on.
aug 30, 2025, 8:53 pm • 16 0 • view
Understood. It can be a hazy area of underwriting. But so long as the borrower is honest and up front about the matter the underwriting decision precludes any claim of fraud
aug 30, 2025, 8:59 pm • 21 0 • view
Correct. There has to be intent to commit fraud.
aug 31, 2025, 12:07 am • 0 0 • view
Strictly speaking, an intent to deceive
aug 31, 2025, 12:09 am • 1 0 • view
And there it is- clarity and transparency are key (in all things honestly). I get the feeling obfuscation and fraud weren’t the objective she was going for.
aug 30, 2025, 9:01 pm • 14 2 • view
It is. We would never go after someone based on what she's been accused of.
aug 30, 2025, 9:39 pm • 1 0 • view
Also- love the name. I do a great Charlie in the Box 😁 it’s saaaanta it’s saaanta
aug 30, 2025, 9:43 pm • 1 0 • view
Thank you :)
aug 30, 2025, 9:49 pm • 1 0 • view
Good, coz I guess I’m a criminal if so. Just run me for a gop position.
aug 30, 2025, 9:40 pm • 1 0 • view
When I bought the first, I financed, and hadn’t sold my previous home, and said it was primary, I assume underwriting figured I was selling the other. Again, not a finance guy.
aug 30, 2025, 8:52 pm • 1 0 • view
And what’s the criteria? Personal choice?Time spent? I paid cash so wasn’t a concern,but truly seems a semantic choice.And on an application I probably would have said primary to both due to choice not having been made.I honestly do not know the intracies.
aug 30, 2025, 8:50 pm • 0 0 • view
I did have some borrowers with ambiguous situations back when I was underwriting, and in those instances there wasn’t necessarily clear criteria Possible factors- what address do you use on your DL? What address is on your paystub/W2? Have you lived longer in one location?
aug 30, 2025, 8:56 pm • 1 0 • view
Those criterion I could see. And would think should be spelled out when asking someone to determine . I’m at the one I have owned longer far less time, and as it was first is listed on license, but here in Ohio my other is on record with the bmv.
aug 30, 2025, 8:59 pm • 0 0 • view
But both could be principle, because principle and primary are different words that mean different things.
aug 31, 2025, 12:22 am • 0 0 • view
“Principal” is technically different from “primary”. I’ve read that two homes can be considered principal, but there’s only one primary home.
aug 30, 2025, 10:19 pm • 1 0 • view
For lending purposes this is not correct
aug 30, 2025, 10:24 pm • 3 0 • view
You pick which is primary & its supposed to be consistent with the address you use for (where to pay) taxes, determine voting district, census conpletion, homestead rebates etc.
aug 30, 2025, 10:56 pm • 0 0 • view
From a mortgage perspective they mostly care that you live there & it wont be rented out or vacant a majority of the time (vacation home).
aug 30, 2025, 10:57 pm • 0 0 • view