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Corey Bowers @cbowers.bsky.social

I bought my house 11 months ago and am looking at a new one, I'd close in a month. I would keep my current house, which has a primary residence loan, and rent it out. Do I need to do anything?

aug 29, 2025, 4:21 pm • 2 0

Replies

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aisakayku.bsky.social @aisakayku.bsky.social

Yes, you need to change the details from primary to investment

aug 29, 2025, 4:27 pm • 0 0 • view
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Corey Bowers @cbowers.bsky.social

why do I need to do that?

aug 29, 2025, 4:27 pm • 0 0 • view
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aisakayku.bsky.social @aisakayku.bsky.social

You would have to pay me for a consultation

aug 29, 2025, 4:30 pm • 0 0 • view
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Corey Bowers @cbowers.bsky.social

I'll give you one for free - there is absolutely no obligation to do so. Your claim that I would have to make that change is incorrect and in conflict with the mortgage agreement, showing that you haven't even bothered reading the sort of document you claim to be relying on

aug 29, 2025, 4:31 pm • 2 0 • view
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Corey Bowers @cbowers.bsky.social

6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower’s principal residence within 60 days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower’s principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower’s control.
aug 29, 2025, 4:36 pm • 1 0 • view
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aisakayku.bsky.social @aisakayku.bsky.social

One year. One year, not 5. Have a great weekend

aug 29, 2025, 4:39 pm • 0 0 • view
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Corey Bowers @cbowers.bsky.social

so if I bought the house 11 months ago and am moving in a month that is how long?

aug 29, 2025, 4:40 pm • 1 0 • view