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Updated over 3 years ago,
Does the loan vary based on primary residence/investment prop?
When looking to get pre-approved to buy a property, do you have to clarify with the lender is the property is an investment property or a primary residence. I know conventional loans have more favorable rates, I am just curious if I would be able to get pre-approved for a conventional loan for a property if I was going to rent out all the units instead of living there myself.