If the couple owns a primary residence as well as a vacation property that are equal in value, the couple may agree that one person should keep the house and the other one will retain ownership of the vacation property.
If applying for a Home Keeper Mortgage, homeowner must occupy the home as their primary residence.
For this reason, you will probably find the application process for an investment home more complex than the process you encountered with your primary residence.
Borrower should use the home as a primary residence.
You are not expected to make payments on the reverse mortgage as long as you use the home as your primary residence.
