when purchasing an investment property is it better to use an equity loan or a new mortgage loan?

looking for the best interest rate for a second property

I am co-signing on a loan with my son (I am the primary borrower; son could not qualify) his name will be on the title and he will occupy the condo and make the mortgage payments. The unit sold for $ 254K; I’m putting $ 100K down. Why can’t it be considered “owner-occupied” when my son will be living in the unit and is on the loan and the title? Should I shop for other lenders or will this be the case everywhere?

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