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Updated about 4 years ago,
Ricardo NavarroPoster
#2 Real Estate Deal Analysis & Advice Contributor
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- Investor
- Cleveland, OH
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I just refinanced. Does my 12 month waiting period start over?
I just recently refinanced my primary residence that I have lived in for 2 years but I want to convert it to now convert it to a rental. I am concerned that if I convert it to a rental I won't be able to get another primary residence loan because the refi went through a different lender. My loan disclosure for the new loan says there is no demand feature for the new current loan but I am not sure if the demand feature is referring to this type of situation. Anyone have any thoughts I should consider?