Refinance investment property even though we are living in it as a primary?

For the most part, the lender will not care about other properties in your portfolio.. If you live in the home now, it doesn't matter how you take title.. What matters is that it's now your primary.. The lender will verify this by looking at your driver's license, pay stubs, and tax returns, etc... if the address matches, you shouldn't have a problem.. The lender will not make you refinance the other property as an investment.. You can if you want to, and you will have to disclose that it's investment, but you won't be required to.. 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

You can refinance the one you currently reside in as your primary residence and get the better interest rates as well as the 4% tax assessment. However, since your other property is a rental it will be taxed as such, 6% not 4%, and the county will make that adjustment. You do not have to refinance the rental though just becase it is no longer your primary, only the tax rate will change.

If you can provide documents that support it being your primary residence, you will be able to refinance as a primary. Best of Luck!

on your tax returns , is the house that you live in listed as a investment?? how long has it been rented the other house???? linda yourloanpartnerforlife@live.com are all of the ultties in the house that you are in , in your name? paystubs? tax returns ? mortgage statement coming to that address??

As long as you live in the house and it's your primary residence you can refinance it as such. You would not have to refinance the current rental as an investment property. I am a mortgage banker in Portland, OR and have been for 15 years. If you have any more questions please feel free to call me at 503-577-3895. My name is Lea. Thanks!