Mortgage question: from primary residence to rental property

[Karine Arditi]

How long does a lender usually want a borrower to live in a primary residence before they move out and make it a rental property, (in order to keep the lower primary-residence loan rate)? 

[Elise Marquette]

@Karine Arditi No, as long as you have a legitimate reason for moving to a new primary you’ll be fine. Any issues would arise when you go to get approved for your next primary residence. If you’re obviously hopping from property to property for no good reason other than to take advantage of primary residence rates to build a portfolio and not fulfilling occupancy requirements, you likely will not get approved by the bank for your next primary residence.