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Wary about occupancy fraud

Is it true that you can get a 2nd home mortgage with 10% down and can use the property and convert it to AirBnB? What if your loan requires that you must occupy your home for at least a year? It seems that some are able to pull it off but this looks like occupancy fraud to me and I want to abide by the law as I enter the world of real estate investing. by jhon730 from Atlantic Beach, Florida. Sep 27th 2022 Reply


Dave Skow (daveskow)
#15 ranked lender in Washington - 455 contributions

loan pricing is the same for a 2nd home as for a rental property ....rental property requires a 15% down payment ....if you plan to rent it - use a rental proeprty loan

Sep 28th 2022
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