Owner Finance
I want to sell my home and buy another for myself. Can I re-finance this house and get an Intrest only mortgage and lease option it ? Also, if I have the intrest only mortgage here can I get one for the house I want to buy for myself too?
Yes, you can either sell or refi your current house on interest only loan and lease out.
Yes, you can buy a new house for just yourself on interest only mortgage too.
Yes you can do this. You should speak with a mortgage broker about refinancing into a interest only loan.
You shouldn't mention your intention with the property.
It is also important to do this before you plan to move out as you will likely be getting an owner occupied loan and if you are not living there that is called loan fraud.
Be careful and good luck