Consumption and Real Estate
When can someone after buying a 2nd house refinance house # 1?
Question : When can someone after buying a 2nd house refinance house # 1?
I bought my house 9 years ago, and I have very low interest. I’m in the process of buying a 2nd house planning to rent the first one. My question is how soon after I sign the papers for the other house can I refinance this house.
I just want to get more confortable with my payments. I also have a good credit. I don’t know if that helps.
Thanks.
refinance house
Best answer:
Answer by Kaitlin B
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This entry was posted by admin on September 1, 2010 at 9:45 am, and is filed under Loans and Mortgages. Follow any responses to this post through RSS 2.0.You can leave a response or trackback from your own site.
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Yes. You may have a situation with owner occupancy. Some rates are lower only if you occupy the house not for investment property.