what qualifies as a second home for mortgage loan?
Alpha Bravo Charlie asked:
I am working overseas, I want to buy a house in Texas. Can I consider it to be a 2nd home and ask the mortgage company to give me interest as second home instead of calling it “investment property” ?
The interest rates and taxes for 2nd home is less than investment property.
I am working overseas, I want to buy a house in Texas. Can I consider it to be a 2nd home and ask the mortgage company to give me interest as second home instead of calling it “investment property” ?
The interest rates and taxes for 2nd home is less than investment property.
It will be rented out till we come back to Texas.
Marie
Tags: Buy A House, Interest Rates, Mortgage Loan
