HELP!! Refinancing my rental?

[Adam Bosley]

Hi BP Family,

I purchased a townhome in 2017, this was my personal residence and I fixed it up while living there. The home is now tenant occupied but my mortgage has not changed. My wife and I would like to refinance to help the home cash flow a bit and help fund another project.

If we refinance, does the mortgage get rewritten as an investment property? Or can I apply for primary residence fixed rates?

The refinance does not help the numbers as much if the property is now deemed an investment property.

Happy Sunday,

Adam