When a primary residence ceases to be primary

The short answer: Yes. When you apply for a loan, you must state how you "intend" to occupy the property. If you have already predetermined that you will be moving, and the property will be a rental, then it would be illegal for you to not disclose that information. Some lenders will tell you to lie, but at the end of the day, it could be interpreted as loan fraud. The truth is that with interest rates being at historic lows, don't let the temptation of greed sway you into doing something that is illegal and unethical. After all, that's how we got into this mess in the first place!Take advantage of low rates, even if it's a little higher for an investment property...you'll sleep better knowing that you did the right thing.