From Investment loan to Own-occ loan?

[Rachel Luoto]

We bought a triplex over a year ago with 25% down investment loan. Since then we have renovated it, 2/3 units rented (cash flows) and are moving into the third. But, what if we did a cash-out refi into a conventional owner-occupied loan? Our current loan is seasoned, both renovations and market have caused appreciation, and we will be living there getting a better interest rate and more money to buy our next property. Note: we used the cash-out before, so we are familiar with the process Has anyone done this and turned their investment property loan into an owner-occupied one? Thank you BP!!