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Updated about 2 months ago on . Most recent reply

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Paola Astrid
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Refinance DSCR Conventional?

Paola Astrid
Posted

Should I refi to dscr or conventional to remove pmi? 2 unit house 30 year FHA 6.6% major renovations (roof,bathrooms,kitchen,etc) home has appreciated 397k when appraised to 550k zestimate (similar comps in the area are 500k). Is it worth to refi at current rates? Thanks!

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Erik Estrada
#2 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
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Erik Estrada
#2 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
Replied

Are you currently living in the home? DSCR is for non-owner occupied residences only.

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