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No. Owner occupied means the owner of the property lives in it, meaning it is not rented. Primary residence means the home where you live most of the time. It can be rented or owned.
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Does the cosigner have to live with you?
. Generally, no. A co-signer on a loan does not have to reside at the same residence as the primary borrower. Once the co-signer signs for the primary borrower; he or she is as liable as the primary borrower. It should be noted that some lenders may have their own requirement that the co-signer live at the same address as the primary borrower.
Is a ho 6 insurance policy the same as a ho 3 insurance policy?
No. "HO3" is for owner occupied dwellings. "HO6" is an owner occupied, condo unit owner's policy. HO3 is for the house itself (dwelling), personal property, liability, and loss of use. HO6 is for personal property, "walls-in" coverage (usually called additions & alterations), liability, and loss of use
How would tax be treated for a Canadian nonresident living abroad who would like to buy first property in Canada but remain non-resident?
What tax rate will apply on gain on a non-primary residence owned by an American if that property is located in B.C. and has been held for seven-plus years by the same owner?
Do you get the same tax benefit if your mortgage is financed by a private party instead of a mortgage broker or bank?
Yes, it does not matter who you pay the interest to as long as it is secured by a loan on your primary residence or secondary residence. If your lender does not provide a 1099 at the end of the year, you will have to calculate your interest on your own.
A cubic meter is about the same as the volume occupied by a what?
A cubic meter is about the same as the space occupied by a washing machine.
Will Nevada state issue a drivers license to a person when their California drivers license is suspended for DUI?
Absolutely not. The upper 50 states all run off of the same system. If your license is suspended in the state of your primary residence, you cannot get a drivers license in any other state until your status in your primary state changes. This even applies if you change your state of residence.
Does a cosigner have to live at the same address as the primary borrower on a loan?
No. No. A co-signer on a loan does not have to reside at the same residence as the primary borrower. Once the co-signer signs for the primary borrower; he or she is as liable as the primary borrower. As far as where the co-signer resides is up to the company providing the loan proceeds. Example: parent co-signing for a collge loan for their child who lives or attends school in another state.
Is domicile certificate same as residence certificate?
yes there is difference in names but both r same
What is considered a private residence in Oregon?
A private residence is a dwelling place occupied for an extended period of time by the same persons, if, (a) the residents have a reasonable expectation of privacy; (b) food preparation, personal hygiene, and sleeping accommodations are not communal in nature; and (c) any use of the dwelling place by a resident for a home occupation, trade, business, profession or craft is secondary to the use of the dwelling place as a residence and does not use more than 25 per cent of the indoor floor area.
Do you have to pay homeowners insurance if you are renting?
in general yes but you wouldn't be receiving the same type of policy if the owner is not living there (example you wouldn't need personal property coverage since your property would be at your primary residence).
Can two felons live in the same residence if they are related?
Sure, they can get married.
How much is taxable income on a primary home sale?
Your net proceeds, the net cash you received after all closing costs have been paid .. in other words, your total profit from the sale is taxable income unless you re-invest it within certain time limits in another real estate venture.
