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Yes, but the rate will always be higher for an investment.
Auria,Can we get a little spam on the side to go with that advise?Jonilo,Lenders price loans based on risk...if your financial situation becomes strained, you're likely to stop making payments on the property you DON'T live in first, so there is a risk to the lender...sort of like getting car insurance when you're 18...more likely to cost the ins co more
Please tell me you are not encouraging the "op" to consider the previous home (which is obviously on the market), has encombered with a bridge loan, to purchase a new home (as a primary), now, to claim this previous home as his primary for "purposes" of refinancing to the lowest rates available. ;-)
It's kinda reading that way and I would seriously hope not to have other consumers reading these post, to think or feel this is condoned behavior with applications for refinancing or purchasing. It is serious and will trigger a repurchase request if discovered in an audit or default review.
You can get a low rate on an investment property, but the fees are a lot more expensive than a primary residence.
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For Sale: $5,000
For Sale: $124,800
For Sale: $129,900