Can I Refi my primary-residence investment-property then keep it and buy a new primary-residence?

You cannot do this since conventional refinance transactions require you to live in the property as your primary residence for at least 12 months preceding the refinance before converting it to a rental, and they will make you sign some acknowledging that... because your "Intent" as per your question, is to "Immediately" purchase another home as a primary, if you proceed with this transaction, you will be committing loan fraud. You're better off refinancing your home now as an investment property, and then you can purchase another primary once it's complete.. The small increase to your rate is peanuts compared to the fines and penalties for loan fraud. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Yes you can, but as William cautions, you will have to wait a year to do so. If you choose to do it early, moving out would be a breach of the terms of your note and the lender could foreclose or call the note due and payable. Worse, you could be, and probably would be prosecuted for fraud. Being job transferred would likely be considered an exception. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com 888-889-9950

Just to clarify.. Even if the Primary-residence investment-property is a duplex, triplex, 4 plex, where your living in one unit and renting out the other.. The rules still apply.. If you live there it's owner occupied, if you don't it's investment.. if you refinance as owner occupied, which your allowed to do even if it's a multi unit property, and then you go out immediately to purchase a primary residence, it's loan fraud.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

please listen to the prior answers as it is sound ADVICE!!!

We are able to help with refinancing the primary residence. You would have to wait 12 months before purchasing the second property. I would say based off of the current lending environment it makes sense to take advantage of the rates while you can.

Please clarify - there is no such thing as a "primary-residence investment-property"You either live in the property or you don't.If you have one house, it is your primary residence.If you have a "vacation house or condo - that would be your secondIf you rent out the vacation home it - it would be an investment property.In any event - I suggest you do business in CT - since you seem to be in CT.I am familiar with Manchester. Call me if you need more infoThanksMichael StephanSettlers Mortgage CompanyWestport, CT(203) 227-2422