Asked by Jerry101, Portland, OR • Tue Dec 11, 2012
I currently reside in Bend, OR and have been looking to refinance my property to decrease my interest rate. However, I am concerned about having to commit to live in my property for 12 months due to my job situation. I am currently self-employed and have been struggling to make ends meet. However, I just finished nursing school and have been thinking about relocating to Portland due to not finding a job here in Bend. Would it be considered mortgage fraud if I relocated due to a new job? Also, would I be able to buy another property in less than 12 months if I relocate? I wonder if underwriters would frown upon that?
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