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Updated about 4 years ago on . Most recent reply

Alon Kostetsky's profile image
Alon Kostetsky's profile image
Alon Kostetsky
  • Member since Jan 13, 2020
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Alon Kostetsky's profile image
Alon Kostetsky's profile image
Alon Kostetsky
  • Member since Jan 13, 2020
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Alon Kostetsky
2
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9
Posts
Buying & Selling Real Estate

Secondary Residence Mortgage

Alon Kostetsky
Posted

Hello,

I'm in the process of buying a new primary residence. I want to turn my current home which I have a mortgage on to a rental. 

1. It is my understanding that I can qualify for a second primary residence mortgage but not sure if that restricts me from renting it out. Any thoughts?

2. OR do I need to refinance my current mortgage to an investment property mortgage to operate the house as a 365 day rental? 

Thank in in advance for your help! 

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