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Updated over 3 years ago, 03/16/2021

Nathan Miller's profile image
Nathan Miller's profile image
Nathan Miller
  • Real Estate Broker
  • from Chicago, IL
  • Member since Jan 25, 2021
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User Stats

7
Posts
2
Votes
Nathan Miller's profile image
Nathan Miller's profile image
Nathan Miller
  • Real Estate Broker
  • from Chicago, IL
  • Member since Jan 25, 2021
Connect
Nathan Miller
  • Real Estate Broker
  • Chicago, IL
2
Votes |
7
Posts
Chicago Real Estate Forum

OO mortgage vs. Investment Mortgage

Nathan Miller
  • Real Estate Broker
  • Chicago, IL
Posted

I'm looking to purchase a 2-4 flat in which I intend to live in as my primary residence. At some point in the future, I expect y family to grow (from 3 to 4) and living in one of the units may no longer be feasible. If the mortgage I get to finance the original purchase of the 2-4 flat is OO, do I have t refinance if I move out in the future?

What else would I have to do if I were to move and keep the property as a rental?

Chicago, Illinois
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