how to classify my home for mortgage app question?
Posted in Renting & Real Estate on 04/30/2009 12:06 pm by admin
urban_rednek asked:
I am getting ready to re-fi my home and want to know how i need to classify it for my mortgage app. It’s the only property i own, but last year i had to take a job out of state (economic reasons) so i am currently renting it. Can i still consider it my primary residence or would it be considered an investment property or a second home?
I am getting ready to re-fi my home and want to know how i need to classify it for my mortgage app. It’s the only property i own, but last year i had to take a job out of state (economic reasons) so i am currently renting it. Can i still consider it my primary residence or would it be considered an investment property or a second home?
How much more are interest rates for an investment property given plenty of equity, great FICO and steady income?
MICHAEL