Here's the deal. I have my primary residence in PA (parent’s house). I've been renting & workin in NJ for 4-5 years now. I want to buy a house in NJ, but keep my primary residence in PA...Tax & insurance reasons. Is it doable or am I going to have become a NJ resident? Thanks in advance!
2007-02-18 12:02:13 · 5 answers · asked by blt65 2 in Business & Finance ➔ Renting & Real Estate
Yes this is doable and can be hassle free depending on your credit and the way you are presented to the lender. Also is there a mortgage on your parents house in your name or how have you been paying rent. There are certain factors that you need to consider that may affect your purchase. I'm in the mortgage business, just let me know if you need any help.
2007-02-18 13:48:18 · answer #1 · answered by celia s 1 · 0⤊ 0⤋
Sure. Hell you don't even need to be in the country to purchase a house.
Did you know: The Queen of England is the largest single landowner in the United States.
2007-02-18 12:11:06 · answer #2 · answered by Killer Klingon 3 · 0⤊ 0⤋
Be careful...If you buy a residence in NJ and your auto Ins asks if you travel to Jersey...IT MAY FORCE YOU TO PAY NJ RATES....you may not have to become a resident...but you may have to pay in other ways...but check with a lawyer or accountant they are the experts...
2007-02-18 12:15:42 · answer #3 · answered by Real Estate Para Legal 4 · 0⤊ 1⤋
I live in Canada and I,m getting a house In Orando so you can do it good luck
2007-02-18 19:52:59 · answer #4 · answered by pattibcacl 6 · 0⤊ 0⤋
You can get a Non owner occupied mortgage.
2007-02-18 12:52:38 · answer #5 · answered by Phil H 2 · 0⤊ 0⤋