How can I refinance a rental property that use to be your primary residency?

it's a simple refinance but the qualifications are a little different and rates slightly higher. If the current mortgage is HARP eligible it is particularly easy, if not, you'll need at least 15% equity in the property

You may refinance this property even though it is now an investment property. I would be happy to get you started. 203-530-2674 or robertgraybill@rmsmortgage.com

You need to apply for financing and you would show your tax returns and any current leases for the investment property and thus, refinance it as an investment property subject to investment property guidelines, which would typically be a Maximum of 80% LTV for a Single Family or 75% for 2-4 Units. If you still have FHA Insured Financing on the Investment Property, you can refinance without any issues keeping the FHA Insurance on the loan to just lower your rate, assuming your rate is higher than rates now and where a refinance does make financial sense.

You just need to do a refinance as an investment property. The loan to value and rate are adjusted for an investment property and depending on how long or if at all you have had the property rented will make a difference on how they will calculate the debt and/or income on the property. Talk with a local lender/loan officer to get a scenario based on your specific loan.