Leasebacks and Buying New Home

The difference between a primary residence and an investment property when it comes to a home mortgage are significant.  In short, buying an investment property or "rental home" typically carries a higher interest rate and a higher down payment requirement compared to a primary residence or "owner occupied" home.  Arizona home-buyers often ask "how soon after my closing do I need to move in to my new home in order for it to be considered a primary residence?" To make things even more … [Read more...]