5% Owner occupied?
Hey BP,
Have any of you used this strategy? I guess its not much of a "Strategy", but more of another way to get into a mortgage. Im starting to look into my second rental property and would be moving out of my current duplex into my next property, and have heard that a 5% down owner occupied loan would fit well with my needs. I guess my real question is, why go with this strategy over, lets say, an FHA at 3.5% again? Lower payment?...barely id guess. I definitely know the best source of info on this would be to (obviously) speak much more with the lender themselves, but im Just curious of your input. Thanks