2nd Residence rules for condo/hotel unit
Hello!
I'm writing to see if anyone has experience with trying to get a mortage for a second residence (vs. an investment property) for a condo/hotel unit? I have one in mind but a friend of mine is telling me you have to put 30% down because its a condo/hotel unit and that you can't get a second residence on it. I'm trying to put down something less (like 10%). If I could get it as a second residence I could definitley meet the # of days lived in per year requirement and its far enoguh away from my house.
Any guidance is appreciated. Thanks!