Refinancing Rental Property in GA

Posted on April 14

Question: Bought a property as a primary home with a 5/1 ARM interest only loan. Got married and then rented it . Want to refinance , and wondering whether I can still refinance home as primary home, since I don’t have my name in any other home.

Answer:
If the home is a rental, you can’t refinance as a Primary Residence. Since nearly all lenders pull a transcript of your IRS tax returns you’ll want to make sure you are upfront with your lender.

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