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Updated about 5 years ago on . Most recent reply

Marlon Johnson's profile image
Marlon Johnson's profile image
Marlon Johnson
  • from Snellville, GA
  • Member since Oct 25, 2019
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Marlon Johnson's profile image
Marlon Johnson's profile image
Marlon Johnson
  • from Snellville, GA
  • Member since Oct 25, 2019
Connect
Marlon Johnson
  • Snellville, GA
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Buying & Selling Real Estate

Purchasing First Property - Financing

Marlon Johnson
  • Snellville, GA
Posted

I've heard that for your first investment property, it is better to not disclose to the lender that you are actually purchasing an investment property, but to tell them that you are purchasing a primary residence or second home. The thought behind this is attempting to get more favorable loan terms as it relates to interest rate, down payment, etc.  

Does anyone have any insight in this area? 

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