Buying another condo and renting current one
I Currently Own a free standing condo. I am going to Purchase and owner occupy a different unit then rent my current one out. I am in contract and sign the first of next month.
My concern is that the banker is telling me the underwriter may not approve the loan because the units are to similar and they will feel I’m only saying I’ll occupy the other unit to avoid the invester fees.
Any suggestions?
Thank you in advance.