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Updated over 5 years ago on . Most recent reply

User Stats

28
Posts
19
Votes
Luke Dilorenzo
  • Lender
  • Portland, OR
19
Votes |
28
Posts

I believe I have trapped myself, what to do

Luke Dilorenzo
  • Lender
  • Portland, OR
Posted

The title says it. I believe I got myself into a bit of a situation where I stated that my refi was for my primary residence and now feeling some what stuck. I cash out refi-ed into a conventional and was looking to fha 3.5% down on a 4 plex but apparently theres a maturity of 12 months of which I am on month 4. (dumb on my part, I know). Does this mean I am virtually stuck in this residence until my time is up? Is there any way around this? Any input is much appriciated. Thanks, Luke

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