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Updated about 4 years ago on . Most recent reply
I need advice! Help!
Hello folks! My wife received a job offer out of state. We decided to take it and move. Our house is currently listed for sale, but it isn not getting much traction and running out of time before our move in December.
So, we would like to rent out our property (two houses, one lot: 3/2 and 2/1 ). Our mortgage was originally for a "Primary Residence." Can we rent it out, refinance later, to get money out for a new home? Or do we need to refinance as a rental first? I'm very confused.
Thanks for your help,
Val