REFI QUESTION
I LIKE TO REFI BUT DID NOT PURCHASE THE HOME, IT WAS DEEDED TO ME WHEN MY FATHER PASSED. WHAT KIND OF QUESTIONS SHOULD I ASK WHEN LOOKING INTO ALL THESE LENDERS FOR REFI LOAN? by PAM.DENN480 from Decatur, Alabama. Mar 10th 2020
Tom Lewis (Tom@Cardinal)
#16 ranked lender in Alabama - 22 contributions
As long as you are on title to the subject property, you can do a refinance mortgage. If you have not treated the property as an investment property, meaning the property is your primary residence, you can use the appraised value to qualify for the mortgage. IF you have treated the property as an investment property (such as rental), then you would need to be on title to the property for at least 12 months to use the appraised value. If you would like to discuss the loan options, please feel free to contact me anytime. 251-609-3770
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