Interest rate for an investment property

[John Paul Whaley]

I read somewhere that my interest rate (if I were to borrow from a bank) would be higher if it were for an investment property than if it were for a primary residence. Is this true?

I am looking to BRRRR by borrowing from a bank since I have a decent amount of capital myself (instead of using pricey hard money for a down payment). When I go to the bank for a loan, can I just say that it will be my primary residence, live there for a month or two while I BRRRR, take advantage of the lower interest rate, then rent it out?

[Ken Maddis]

That could be considered mortgage fraud. Check the occupancy clause with your lender and let them know your intentions.
https://www.investopedia.com/terms/o/occupancyfraud.asp