Updated over 4 years ago on . Most recent reply
Secondary Residence Mortgage
Hello,
I'm in the process of buying a new primary residence. I want to turn my current home which I have a mortgage on to a rental.
1. It is my understanding that I can qualify for a second primary residence mortgage but not sure if that restricts me from renting it out. Any thoughts?
2. OR do I need to refinance my current mortgage to an investment property mortgage to operate the house as a 365 day rental?
Thank in in advance for your help!