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Updated over 4 years ago on . Most recent reply

User Stats

8
Posts
1
Votes
Courtney Clark
1
Votes |
8
Posts

2nd Home or Investment Loan?

Courtney Clark
Posted

I reached out to a lender about rates for investment property loan for the purpose of rental property. She suggested that I do a "2nd Home/Vacation home" because the rate is much lower. We are looking to invest out of state. This seems a little shady and wanted to check with you all. I was clear what our purpose was and she said,

"Honestly, we don't care what you do with the home after you buy it."

Is this normal?

Courtney Clark

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