Lender Options for Investment

[Haneesh Lakkamsani]

Hi Guys!

I am in the Chicagoland area and looking for a lender to refinance my home into an investment property. Any suggestions on who I should reach out to to start shopping around for best rates? I have talked with a few and Rocket Mortgage. Any help would be appreciated. Thanks in advance!

[Jonathan Taylor]

I agree with @Tyler Warrick. Brokers are your best friends in this type of lending situation for the above mentioned reasons. You have many options and considering the info in your post, this doesnt sound like you would have a hard time getting the best non Qm rates. 

Side note, if the property you mentioned was your primary and you are now converting it into a rental, as long as you lived in the property for at least one year, you can legally convert it without refinancing.