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Non-owner occupied is a classification used in mortgage origination, risk-based pricing, and housing statistics for one to four-unit investment properties. The owner does not occupy the property. The term non-owner occupied is not typically used for multi-family rental properties, such as apartment buildings.

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When can you borrow money if you have been shutdown

JC Smith

May 4, 20201 min read

We are living in a crazy moment in time, I am right there with you.

We have had numerous clients in the middle of loans that had their loans cancelled because they were no longer bringing in a income to support the loan payment.

Fortunately there are numerous loans right now that can help with a band-aid - while you are waiting for things to get back to normal so you can buy that million dollar building or add that 250k piece of equipment.

Here is a great resource for you. https://www.sba.gov/funding-programs/loans/coronavirus-relief-options

I am available to answer questions and talk through options - feel free to pick up the phone and call me... JC Smith, Your Money Hero 704-275-8778

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When can you borrow money if you have been shutdown

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