What do you guys think of the Fannie Mae 7% cap?

[Jobee Vincent Buenaventura]

As a new investor doing the BRRRR strategy, I purchased a 2-family with a personal mortgage 20% down in September. I've done some renovations to it and have a 2nd unit currently vacant.

I plan to cash-out refi when it’s fully rented out but will this new cap on the government purchasing loans hinder my success for the refinance (as an investment property)?

I spoke with a mortgage originator and he mentioned that Fannie/Freddie also added more costs to second/investment properties as well which might make it more difficult.

Would it be better to refinance this property as a primary still since I can, on paper, live in the second unit?

Source reference:

http://www.mortgagenewsdaily.com/channels/community/969950.aspx