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Updated over 4 years ago,
Refinancing owner-occupied property within 1 year
I bought a place in November 2019 as an owner-occupied property in California and I intend to convert it to a rental after 12 months of living here. However, my mortgage broker just presented to me a great refinancing deal that I can't refuse (from 3.75% to 2.321% with points and from a 30-year to a 29-year mortgage).
My question is: if I refinance today, would the clock start over and I have wait 12 months from now in order to convert it to a rental? I want to do this properly and avoid any possible trouble with the lender.