Buying my second Home

[Melchor Domantay]

Good Day BP members,

I'm looking to purchase my second home but don't have a lot of capital. I spoke to a lender and he told me that I can get a property by putting a 5% down for a conventional loan for owner occupant. However, I told him that I'm not looking to move and he said, the lending company won't have to know that. Is this normal? If so, what are the repercussions ?

Thanks,