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Refinancing for Landlords

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ttallman61 Joined: 30 Oct 2010 Posts: 1 1.00 Dollars($)	Posted: Sat Oct 30, 2010 10:28 am    Post subject: Refinancing for Landlords Like 0 Dislike 0 Hello, I am a homeowner in NY. A 2 family, with equity, which I do not live in. I'm trying to refinance from an FHA 7.5 to current rate (4.5 ish). Credit Union denied because I don't live there. I owe 43k current value 80-85k, good credit. I'm looking to put it on the market in the next 6m-yr. depending on climate. looking for some advice. Thanks
adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Sun Oct 31, 2010 9:31 pm    Post subject: Like 0 Dislike 0 Welcome ttallman, You can speak to other lenders apart from your credit union and check out if they can help you in getting a mortgage for an investment property. As you do not live in the property, it will be considered as your investment property. _________________ Procrastination is the enemy of your financial success

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