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Updated over 5 years ago, 07/02/2019
Short term rentals affect on getting a new primary residence
My wife are I are looking into purchasing our first short term rental to use as a vacation home and rent out when we're not there. We are also looking to move into a new primary residence sometime in the near future and are worried that without a long term lease we may not be able to get the home we desire. How do banks view short term rentals in regards to a new primary residence mortgage?