Asked by tigercadet, Bloomington, IL • Sun Apr 14, 2013
I'm moving to the RDU area to start a graduate program in August. I've travelled to the area, met with a realtor, and want to place an offer on a place. However, the lender tells me that because I will not be receiving income in NC until September, I will have to get a loan to purchase an "investment property."
I am a first time home buyer, and this will be my primary (and only) residence when I move. I don't want to pay the excess interest (and potential excess property tax) for the place...
I know people move from out of state all the time? Is this my only option, purchasing as an "investment property?"
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