Forgive my ignorance. Is it better to apply as Primary Residence or Rental Investment when financing a property. Would be a homestead property.
*Appreciate any input
If you are living there a primary residence if not an investment. Primary almost always will give better rates but you can't apply for a primary residence mortgage if you don't plan on living in the property.
Aaron -- Good day & thanks for input. Appreciate your time!
You'll get better financing for an owner-occupied property, but there will be rules about occupancy, so don't try it unless you intend to live in it for at least a year.