Dashboard Forums 1. Getting Organized Refinancing documents – primary residence Reply To: Refinancing documents – primary residence

nhamilton
Keymaster
Post count: 24

Hi, Ann. Great question. This is a question we’ve gotten often – can you put down that a mortgage is a primary residence even if you plan to use it as a secondary residence or rent it out. This is because, yes, mortgages for primary residences are usually at better rates than for secondary, etc. We wrote a post on it because it’s a topic that is important and often asked about. Hope it is helpful: https://www.homeownering.com/blog/2020/12/28/what-if-you-say-that-your-mortgage-is-for-a-primary-residence-but-its-really-not/