Quit Claim deed 2 avoid investment property over 2ndhome mortgage

[Scott R.]

Hi,

So my father has a mortgage on a 2nd home (cabin) in north georgia (we live in Atlanta). He's looking to get another one, but it seems like if it's in the same region the lender's underwriter will deem it an investment property regardless of whether he plans to semi live in it or not. If he quit claims the cabin he owns now to me, would the new property be able to be financed as a 2nd home, and would the mortgage on the first cabin continue as is assuming I take over payments? Let's assume my father and I are on the same page and completely trust each other. This is only about not getting rammed on interest and/or down payment. 

Another possible idea, though not ideal, would be to claim the original cabin as an investment property after it was approved 15 months ago as a 2nd home (it's been only 15 months of ownership) and then get the new one as a second home (this new one costs a lot more). Any other ideas are welcome.

Thanks creative investors!

Scott