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Updated almost 7 years ago on .

User Stats

2
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0
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Ashley Letourneau
  • Pinehouse, Ontario
0
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2
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Lender troubles with income property

Ashley Letourneau
  • Pinehouse, Ontario
Posted

Information that I have received from our lender is up for discussion. This individual states that if we own a primary property that we reside in, we cannot for any reason buy a rental property and alternatively live in one of these units and put our primary residence up for rent and have it considered owner-occupied because we already own one property. Our first property is not financed with CNHC. It clearly states that owner-occupied is accepted if the owner will be residing in the residence, yet this was absolutely not going to happen.

What information can you provide me on this?