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Updated over 4 years ago on . Most recent reply

Kenya Destin's profile image
Kenya Destin's profile image
Kenya Destin
  • Member since Sep 15, 2019
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Kenya Destin's profile image
Kenya Destin's profile image
Kenya Destin
  • Member since Sep 15, 2019
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Kenya Destin
2
Votes |
9
Posts
General Real Estate Investing

Refinancing Cash Out

Kenya Destin
Posted

Initially, the property was my initial residence. I moved out, work purposes, and turned the property to a vacation rental. I am currently in the process of refinancing the property. How would classify the property as an investment property change the refinancing process/Loan rate?

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Steve LeBlanc's profile image
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Steve LeBlanc
  • Rental Property Investor
  • from Phoenix, AZ
  • Member since Sep 21, 2008
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Steve LeBlanc's profile image
Steve LeBlanc's profile image
Steve LeBlanc
  • Rental Property Investor
  • from Phoenix, AZ
  • Member since Sep 21, 2008
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Steve LeBlanc
  • Rental Property Investor
  • Phoenix, AZ
39
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72
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Steve LeBlanc
  • Rental Property Investor
  • Phoenix, AZ
Replied

You'll pay about 1% more on the rate (on average), that's about it. 

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