Financing possibilities for obtaining mortgages
I have a question. Can you finance a multi family with the false pretense that you are going to be living in one of the units? Thereby obtaining a lower interest rate on your mortgage. Does the lending institution ever investigate? Is it possible to obtain the mortgage that way and then by chance you decide you would rather rent out all the units?
I'm sorry to be so upfront with my intentions but I'm sure I am not the only one that has thought of it.
I look forward to the results. Thanks in advance for your time.