Asked by Jenny, 60622 • Tue Feb 17, 2009
My husband and I currently live in Chicago. I will be relocating this fall to attend grad school at U. Illinois Urbana-Champaign. He plans to stay in Chicago as he has a high-paying, stable job here. We want to buy a 3 br house for me (which would be our first) in Urbana and rent out the 3rd bedroom to avoid wasting money on rent for five years. Obviously my husband would be the primary borrower, but won't be living at the house most of the time. I've read that it's impossible to get a mortgage right now unless the primary borrower occupies the home. For the realtors...has this been your experience lately? Any input from C-U area realtors is appreciated, too.
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