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Mortgage Terms: Primary Residence Definition

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Mortgage Terms: Primary Residence Definition

Primary residence

Definition

The house in which the borrower will live most of the time, as distinct from a second home or an investor property that will be rented.

Related Terms

Other terms related to 'Primary residence' starting with the letter 'P'

Prepayment penalty, Partial prepayment, Pick a Payment ARM, Price gouging, Predatory lending

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