WTF? What sort of bullshit socialism you got in that country? Here in Australia if you got the money you buy property.

Huh? Do you not know what a contract is?

The point of a mortgage is that you don’t have the money, so someone lends it to you under a specified set of conditions.

Having a pre approved mortgage means you got the money.

Seems like Australia might be socialist after all www.mpamag.com/au/mortgage-...

I bought first house owner occupier in 2005 and then built another house to occupy in 2010, moved out of first house to second house with no change to mortgages. There is zero obligation to renegotiate a new mortgage, there is no crime, there is no fraud.

Yeah, it’s the same here. In fact, it’s a lot like what’s described at that link Maybe sit this one out

Ok, but we’re talking about two primary residence mortgages taken out in the same year, which both appear to have a clause requiring her to "occupy the property as borrower's principal residence for at least one year after the date of occupancy”, your situation is not universal.

Here in the socialist US you have to comply with the terms of the loan. I guess things are different in penal colonies

Which came about after you stopped taking British convicts in 1776. Making them look for somewhere else, result Australia in 1788.

Under certain conditions, for a very specific purpose. You couldn’t use it to buy a car, for example. Failing to conform with those conditions can constitute default even if you’re making regular payments. Not sure why you’re having a hard time with this concept.

We negotiate terms at the time of applying with discounts for larger deposits, better credit rating etc. Once the mortgage is agreed on then it stays the same until it is paid off.

We have variable interest rates they go up and down with our reserve bank or you can fix a rate for an agreed term up to five years. You can’t walk away and abandon a house upon default, foreclosure results in bank selling the house and settling the difference positive or negative.