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Updated over 8 years ago on . Most recent reply

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Justin Cunningham
  • Baltimore, MD
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Baltimore city condo rental questions

Justin Cunningham
  • Baltimore, MD
Posted

Hi. I recently took a job out of state and rented out my condo. It's a single unit in a building of 100+ condos. I used my buildings property manager for assistance. 

I was looking to refinance my mortgage and I was told it's now a investment property loan and more difficult to get, along with higher rates. 

While asking a realtor friend for recommendations on finance managers, she asked if my unit was registered as a rental. 

Does is need to be? Why or why not? And if not, could I still refinance as an owner, not as a investment? What if I decide to move back in 3 months into it? 

Thanks. 

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