Updated almost 7 years ago on . Most recent reply
Residential mortgage qualification?
Rookie question: Traditional lenders say they'll only make a commercial loan for a SFR property because it isn't my primary residence. They'll do 20 year amortization with a 3 to 5 year payoff or at least a rate reset. I read BP posts about getting residential mortages and wonder how. Am I talking to the wrong lenders or saying the wrong words or ??? Thanks for the Real Estate Investing 101 lesson.