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Can I refinance my investment property even though I own no other property in Texas?

by txcat_153_465 from Helotes, Texas. Aug 22nd 2012 Reply


Peter Botros (PeterBotros)
#70 ranked lender in New York - 895 contributions

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.

Aug 22nd 2012
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Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,431 contributions

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

Aug 22nd 2012
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Linda Wintersteen (Linda123)
#63 ranked lender in Arizona - 1,256 contributions

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

Aug 22nd 2012
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Henry Daniels (HenryJDanielsNationalMortgage)
#11 ranked lender in Texas - 145 contributions

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

Aug 22nd 2012
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Brandon Peterson (BrandonPeterson)
#36 ranked lender in Minnesota - 12 contributions

Yes

Aug 25th 2012
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