Asked by Colleen, Sellersburg, IN • Thu Dec 11, 2008
We found a house we liked, made an offer which was accepted. We are approved for a loan and have cash for a down payment. We have not sold the house we are in now, though we plan to. But now our lender says we cannot close on the loan because the new house is less that 100 miles away from the one we want to buy- something about two primary residences. Is this common? We can afford 2 payments (at least for a while). And is there any way around this?
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