Can I have two house loans both are primary residence?

I live in a house now. And Just bought another house thinking for investment.

The thing is now the investment property loan interest rate too high.

And I was told that I still can apply the primary residence for the second house stating will live there, but at the end will rent it out.

Is it workable?

Thanks in advance.

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Of course, as long as you persuade your bank to believe you -miat42- 给 miat42 发送悄悄话 miat42 的博客首页 (478 bytes) () 11/01/2007 postreply 16:06:25

回复:Of course, as long as you persuade your bank to believe you -wendy注册- 给 wendy注册 发送悄悄话 wendy注册 的博客首页 (54 bytes) () 11/01/2007 postreply 16:22:01

YES -miat42- 给 miat42 发送悄悄话 miat42 的博客首页 (81 bytes) () 11/01/2007 postreply 16:26:13

回复:YES -wendy注册- 给 wendy注册 发送悄悄话 wendy注册 的博客首页 (306 bytes) () 11/01/2007 postreply 17:00:49

Now you already told the lender, it's more complicated -miat42- 给 miat42 发送悄悄话 miat42 的博客首页 (254 bytes) () 11/01/2007 postreply 17:06:32

回复:Now you already told the lender, it's more complicated -wendy注册- 给 wendy注册 发送悄悄话 wendy注册 的博客首页 (223 bytes) () 11/01/2007 postreply 18:01:35

Just say to them you want it for primary residence -miat42- 给 miat42 发送悄悄话 miat42 的博客首页 (151 bytes) () 11/01/2007 postreply 18:07:39

回复:Just say to them you want it for primary residence -wendy注册- 给 wendy注册 发送悄悄话 wendy注册 的博客首页 (238 bytes) () 11/01/2007 postreply 18:35:02

It depends. -miat42- 给 miat42 发送悄悄话 miat42 的博客首页 (690 bytes) () 11/01/2007 postreply 18:40:30

回复:It depends. -wendy注册- 给 wendy注册 发送悄悄话 wendy注册 的博客首页 (300 bytes) () 11/01/2007 postreply 18:47:00

Providing a rental contract on old house doesn't -miat42- 给 miat42 发送悄悄话 miat42 的博客首页 (94 bytes) () 11/01/2007 postreply 19:05:47

QQH me, I explain to you :-) -miat42- 给 miat42 发送悄悄话 miat42 的博客首页 (0 bytes) () 11/01/2007 postreply 19:07:26

回复:Providing a rental contract on old house doesn't -wendy注册- 给 wendy注册 发送悄悄话 wendy注册 的博客首页 (210 bytes) () 11/01/2007 postreply 19:08:01

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