Owner-Occupant

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Dictionary Says

Definition of 'Owner-Occupant'

A resident of a property who also holds the title to that property. In contrast, an absentee owner holds title to the property but does not live there. A landlord is a type of absentee owner.
Investopedia Says

Investopedia explains 'Owner-Occupant'

When applying for a mortgage or refinance, the lender will want to know if the borrower is going to be an owner occupant or an absentee owner. The application will usually say "The borrower intends to occupy the property as his/her primary residence", (or some variation thereof) when the borrower will be an owner-occupant. Some types of loans may only be available to owner-occupants and not to investors.

Related Definitions

Search results for

'Owner-Occupant'

  • Investing In Property Out Of State

    http://www.investopedia.com/articles/mortgages-real-estate/10/out-of-state-property.asp
    ... insurance rates, higher mortgage interest rates and higher down payment requirements
    because lenders will consider you a riskier borrower than an owner-occupant ...

  • Buying Foreclosures At A Bargain Price - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0811/Buying-Foreclosures-At-A-Bargain-Price.aspx
    ... If you are purchasing the home as an owner-occupant, you may have more financing
    options than if you are purchasing as an investor, since there are some ...

  • 4 Alternatives To A Traditional Mortgage

    http://www.investopedia.com/articles/mortgages-real-estate/10/mortgage-alternatives.asp
    ... Robin Daniels, a real estate agent, investor and landlord with YourHouseBuyer.com
    in Central Florida, says, "If an owner-occupant wants to use IRA money to buy ...

  • Will Your Home Remodel Pay Off?

    http://www.investopedia.com/articles/mortgages-real-estate/08/add-value-to-real-estate.asp
    ... Equity Loan: What It Is And How It Works.) Project Returns on Investment The ultimate
    reason to take on any home remodeling project as an owner-occupant is the ...

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