This is a scenario where you want an expert in your corner.  

Is this move worth it?

It adds paperwork and costs.As for your concerns, lenders may have reservations, but it varies, so explore different options.

Do you have any experience in this area of investing?

This means that the principal balance of your loan is 78% of the original value of your home.

I read this a few years ago when I was going to use an Arizona LLC for rentals in Arkansas.

What are my options for correcting this situation?

This is not just a difference of opinion.

I am not sure what your rate is but rates have dropped some since May or this year. 

This isn’t about pitching; it’s about understanding their world.Above all: LEAD WITH VALUE.When I talk to wholesalers about my transactional lending, I always look for more ways to help.