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My husband and I found out midway through our application to refinance on our primary residence that we need to relocate to another state for a new job shortly after we close on the refinance. Can we continue to refinance as owner-occupied, even though we will be moving out (we are days from closing and move in 2 weeks)? We will be renting a home in our new location for at least a year before buying a second home, and will rent out our current home (the refinanced property) starting a month after the refinance on the property is complete. We do not intend to sell our current home, and hope to occupy it again in the next 5 years.
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