i have a fannie mae and want to get a HARP refinance for 5.1% but i have commercial insurance.

Since the property is a residence and is used for residential rentals, then you can refinance it... Some lenders might have a problem with one policy covering multiple properties, but usually these type of umbrella policies are supplemental to an individual policy for the property.. to be eligible for a HARP refi, the loan would need to have been purchased by FNMA on or before June 30, 2009. There are other qualification, but that's the biggest one.. not every lender will do HARP refi's on investment, so you need to be sure the lender you choose will allow it.. .. 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. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

I am a licensed insurance agent (but not in your state) and a mortgage guy. The house is either a second home or an investment. Not both. Do you claim rental income on your taxes. Do you have a rental insurance policy? Underwriters are not insurance agents. Seems you've got a lot going on. Having a double policy is something you should rethink... Just do everything right. These days there is no hiding anything.

Give me a call or visit my website at www.CallTheMoneyMan.com. I am a lender in Missouri and can give you the correct information needed to help you make the correct decision.