If a borrower's current primary residence has a KHC first and second mortgage, can they retain current property and still purchase a new primary if they qualify with both mortgages? The new loan will not be a KHC loan.

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A property secured by a KHC first mortgage must be the borrower's primary residence for the life of the loan. If the property will no longer be the borrower's primary residence, the KHC first and the KHC second mortgage, if applicable, will need to be paid off.

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