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Originally Posted by fotze
The first one actually makes sense, would have figured banks would do something like that anyway.
On point number 3, do banks offer the same rates for investment/recreation properties as they do for your primary residence?
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It depends on the lender. Some lenders will charge a premium for rental properties. Usually in the 1/2% range. Other lenders charge the same whether it is your primary residence or an investment property.
One thing I should have mentioned with the rental properties. If you are buying say a duplex or 4 plex and plan to live in one of the units but rent out the other units, you are still able to qualify with only 5% down. As long as you are occupying a portion of the property as your primary residence you can still get away with 5% down.