see this link for an explanation including rents received:http://www.biggerpockets.com/forums/52/topics/65109-does-rent-from-primary-residence-reduce-my-debt-to-income-ratio?

Is this your future residence or an investment property?

You lose rental property and your personal residence to help satisfy judgment.

However a friend of mine claims he just refied his primary residence (loan around 420k) and the loan originator (not a portfolio lender) paid the closing costs.

Although my net worth is fairly high, it is mostly tied up in ROTHs and my personal residence, which I would prefer not to leverage.

From a licensing point of view you will need two licenses, the MLO and a consumer lending license for the company.The exception to that rule is if you are financing a home that you actually lived in for two years or more and it was your declared primary residence on your income tax forms.Even with the licenses go a plethora of compliance issues from Red Flag to Debt Collection practices, and everything in between.

In the meantime I am refinancing my primary residence from 6.25 to 4.25 (roughly saving me $280/mo).

Also, have you considered a heloc on your personal residence?

David welcome, my name is Harold I live in Kissimmee, FL just outside Orlando and have residence in Georgia.

My wife and I are about to buy a house in another state to be our primary residence.