Newsflash: Selling my investment home to live in… interest rate question.

I had a primary residence and an investment home. I sold off my investment home and bought another investment home in a 1031 exchange. The interest rate is really high because it’s a 640k loan and an investment.This new investment home, however, is turning out to be a money sink. Meanwhile I want to move.Can I sell off my investment home, use the money for a down payment on a new house I intend to live in, and get a lower mortgage interest rate?If I now “live” in this new home, don’t I effectively have two low interest rate loans due to “primary residence”?



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