Do you really live in that house?

Owner occupiers are getting access to lower home loan rates than investors. A clamp down on risky lending has led to higher rates for property investors and now many borrowers are seeking to reclassify their mortgages as owner-occupier.

Vow Financial chief executive Tim Brown said lenders are now asking borrowers to show some type of identification to prove that they're actually living in their address.

Brown said this is the next level of qualifying for home loans – asking  buyers to make sure they really do qualify for the owner occupier rate.

Source: Mortgage Business