Must a second home I buy for another family member be considered an investment?I am relocating and buying a home. IN addition, I want to buy a home for my disabled daughter nearby. I have been preapproved for purchase of a principle residence and have adequate assets to purchase another property. My bank is not giving mortgages for investment properties. Will the interest be higher? Are there other differences?October 05 2012 - Town of Yarmouth00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.