More than likely the answer is yes. However, more information is needed about other properties you may have and how you report you rental income. Contact your local lender for help.
Even if you own no other property, as long as you are letting someone else live in the home you own, it would be an investment property, and yes you could refinance it. Many people own investment property but rent their primary residence. Of course, you would need to meet the normal credit and income criteria, but owning the place you live in is not one of the requirements. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com ~ 888-889-9950
Did you purchase this property as a investment? Do you have a primary somewhere else?? Do you have a renter in this property?? do YOU claim on your tax returns as a investment with rent schedules??? linda l need more info email me at yourloanpartnerforlife@live.com
Yes, as long as you don't have more than 10 propertied under finance and you are not needing to refinance more than 75% Sincerely,Henry J Daniels - Sr. Mortgage Banker & CMPSI Certified Mortgage ProfessionalCertified Military Housing Specialist "Educating you to make the right financial choices for your family today and tomorrow" Direct/Text: (936) 228-1944
Ask our community a question.