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LendingRisk.com Mortage Industry Dictionary

Terminology, definitions, terms, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries.

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Primary Residence

A mortgage loan with a property usage type of primary residence indicates that the borrower occupies the subject property.

See Investment Property
See Mortgage Loan Occupancy and Property Usage Types
See Property Usage Type
See Second Home

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Terminology, definitions, terms, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries.