Sorry, I didn’t mean to throw another stick on your pile. I just want you to be aware of all the facts and details. I know of more then a few people who purchased a home and told the lender it would be owner occupied only to rent it out. Saying it will be owner occupied enables them to get a better rate on the loan they are getting. I am not justifying the action, just telling you that the action happens and just to be aware of everything. Perhaps you can use this knowledge to your advantage.
