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Updated over 7 years ago,
HML tells me I Cant get a Investor loan unless...
As a newbie I was having a general first conversation with a HML about loan program and terms. I happen to mention that I don't have a primary residence in my name and He told me that I can't get a investor loan for a investment property from a bank unless I already have a primary residence in my name. so I'm thinking, what if someone wants to invest but not ready to buy a primary residence yet, it just dont seem to make sense to me or did I misunderstood him . I Never heard that before just wondering if that is so or if anyone one else can shed some light on that. Thanks