1003 application help.
looking to purchase a second property, but small, $85,000. in the application it asks me if this is going to be my primary residence. will my mortgage interest rate be higher if this is not my primary residence? Thanks for your help on this! by flipsnotflips_bil... from Tampa, Florida. Dec 9th 2019
Gene Neal (eneal@athccorp.com)
#31 ranked lender in New York - 281 contributions
Yes, since the property isn't your primary residence there is a small loan level price adjustment. If you're looking to create an investment portfolio we may have other options. Please reach out when you get a free moment.
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