in texas, is a 2nd home considered an investment property? It would be used as a 2nd home.

Asked by Ginger, Madison al 35757 Sat Jul 11, 2009

we were told it would be and we would need to hv 3 months of both homes pmts in the bank and the interest rate would be higher. is this true?

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Dallas Texas’ answer
Dallas Texas, Agent, Dallas, TN
Mon Sep 7, 2009
Are you going to reside in this 2nd home? Where is your primary home. Many questions need answered prior to determine your best interest.

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Tommy Burris, Mortgage Broker Or Lender, Baton Rouge, LA
Sat Jul 11, 2009
2nd home would NOT be considered investment.....
Unless the lender doesn't believe you.
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