Sentences with phrase «understanding of a principal residence»

Not exact matches

Nor did he report the sale of his cottage in 2014 because he correctly understood that a cottage can also generally qualify as a principal residence.

You'll want to make sure you understand the tax issues related to capital gains and the change in use of your home from your principal residence to a rental property.

To receive the property inspection waiver eligibility is limited to a maximum of 80 % loan - to - value on one unit properties (no condos as I understand the rule), principal residences or second homes only, and there was a prior appraisal collected in the Fannie Mae database from a previous loan transaction.