The terms for an Investor LINE of credit are:24 month termInterest only paymentBorrower pays all closing costsBorrower pays a .50% origination feeMaximum 75% loan to value on single family residences70% loan to value Townhomes or CondosRates for credit scores over 725 are prime (currently 3.75%) +.50% to .75% depending on debt to income ratiosThe terms for an Investor Mortgage (fixed);5 or 7 year termPrincipal and Interest PaymentAmortized over 15 yearsRate for 5 year 4.75 – 5%Rate for 7 year 5.75% - 6%Borrower pays .50% originationBorrower pays all closing costs

Keep in mind to have it re-fi'd, you'll need to qualify i.e. fit the bank's criteria for credit score, debt to income ratio, etc.

I know hard inquiries drop your credit score.

Your lender likely pulled some version of a "Fraud Report", and the report probably referenced the time share in some way or another.

I know WF isn't that good in general but wow this is nuts.In mortgage terms you can be charge a late fee but for purposes of fico scores 30 day lates is the standard.I hope this helps and have a great day.

Consider this the readers digest version as there is more to know.  

I can give you IMO a pretty solid analysis of our market and probably help you score (sorry I couldn't resist one more)

His credit score has been pinged from opening new credit cards throughout the process.  

Also my version of out of state investing may be very different from others.

My debt to income ratio, payment history, and credit score are all in very good standing.