Short version:
Bought a townhouse is 2014, roughly a year to build.
Possession is Aug/Sept of this year.
So i started inquiring with my mortgage broker as this house was originally intended to be my house. Now it will have to be a rental.
Mortgage broker said minmum 20% down for rental properties.
I simply do not have 20% to put down.
Can i take possession for 1 month as my primary residence and then rent it out in month 2? Mortgage company is non the wiser then...
Or is there something i am not aware of in this whole situation?