# New Homeowner Krew, what are you doing with your interest free loan?

**URL:** <https://forums.speedlife.net/t/new-homeowner-krew-what-are-you-doing-with-your-interest-free-loan/53617>\
**Category:** NYSpeed Off Topic\
**Created:** [August 21, 2008, 8:47am UTC](https://forums.speedlife.net/t/new-homeowner-krew-what-are-you-doing-with-your-interest-free-loan/53617 "2008-08-21T08:47:27Z")\
**Posts on this page:** 9\
**Page:** 4

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**Author:** ![tpgsr](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/tpgsr/32/7374_2.png) [@tpgsr](https://forums.speedlife.net/u/tpgsr)\
**Post date:** [February 18, 2009, 11:50am UTC](https://forums.speedlife.net/t/new-homeowner-krew-what-are-you-doing-with-your-interest-free-loan/53617/61 "2009-02-18T11:50:21Z")

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> [@LAFENGAS](#):
>
> Actually, luckily i’m married and she is a stay at home mother which means she contributes no income and keeps me within the salary requirements.

don’t you own your current house though?

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**Author:** ![LAFENGAS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/lafengas/32/7573_2.png) [@LAFENGAS](https://forums.speedlife.net/u/LAFENGAS)\
**Post date:** [February 18, 2009, 11:53am UTC](https://forums.speedlife.net/t/new-homeowner-krew-what-are-you-doing-with-your-interest-free-loan/53617/62 "2009-02-18T11:53:02Z")

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nay

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**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\
**Post date:** [February 18, 2009, 11:53am UTC](https://forums.speedlife.net/t/new-homeowner-krew-what-are-you-doing-with-your-interest-free-loan/53617/63 "2009-02-18T11:53:09Z")

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I can swing it. :snky: My house will be staying in estate trust until I close on a duplex.  
Drew, what happened with the Huntington house?

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**Author:** ![theblue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/theblue/32/5074_2.png) [@theblue](https://forums.speedlife.net/u/theblue)\
**Post date:** [February 18, 2009, 11:54am UTC](https://forums.speedlife.net/t/new-homeowner-krew-what-are-you-doing-with-your-interest-free-loan/53617/64 "2009-02-18T11:54:21Z")

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> [@tpgsr](#):
>
> EXACTLY!
> 
> “Sarah” will be buying a house just before we get married, and we will be filling as single for this year. In no way are we going to pass up the govt. giving us $8000 to throw into a duplex that more than pays for itself.

just remember that she must be the primary resident or you might get in trouble…

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**Author:** ![LAFENGAS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/lafengas/32/7573_2.png) [@LAFENGAS](https://forums.speedlife.net/u/LAFENGAS)\
**Post date:** [February 18, 2009, 11:55am UTC](https://forums.speedlife.net/t/new-homeowner-krew-what-are-you-doing-with-your-interest-free-loan/53617/65 "2009-02-18T11:55:24Z")

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if you are not the primary resident for 3 years…you’ll have to pay it back.

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**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\
**Post date:** [February 18, 2009, 11:56am UTC](https://forums.speedlife.net/t/new-homeowner-krew-what-are-you-doing-with-your-interest-free-loan/53617/66 "2009-02-18T11:56:41Z")

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So you rent one apartment legit and one apartment under the table that you “live” in.

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**Author:** ![tpgsr](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/tpgsr/32/7374_2.png) [@tpgsr](https://forums.speedlife.net/u/tpgsr)\
**Post date:** [February 18, 2009, 11:57am UTC](https://forums.speedlife.net/t/new-homeowner-krew-what-are-you-doing-with-your-interest-free-loan/53617/67 "2009-02-18T11:57:08Z")

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I will try my damndest to live there for three years, otherwise I will just get an “investment” property and not change my address.

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**Author:** ![Locutus](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/locutus/32/7574_2.png) [@Locutus](https://forums.speedlife.net/u/Locutus)\
**Post date:** [February 23, 2009, 6:09pm UTC](https://forums.speedlife.net/t/new-homeowner-krew-what-are-you-doing-with-your-interest-free-loan/53617/68 "2009-02-23T18:09:02Z")

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🙂 Just bought January 23rd…

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**Author:** ![ieatpaint](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ieatpaint/32/7311_2.png) [@ieatpaint](https://forums.speedlife.net/u/ieatpaint)\
**Post date:** [February 23, 2009, 6:14pm UTC](https://forums.speedlife.net/t/new-homeowner-krew-what-are-you-doing-with-your-interest-free-loan/53617/69 "2009-02-23T18:14:08Z")

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in the process of purchasing. gonna have to figure out which would give me more benefit… using it for a large payment on the mortgage, sitting on it in my savings account, or putting it into the house in the form of upgrades…

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