second home refinance

It's possible, however it depends on how far away this home is to the one you're living in.. If it's right up the street, or in the same complex, then NO!! It's not going to work.. However if it's in a vacation community or more than 50 miles away, then it's possible you can call it a 2nd home and refinance it.. If you want to know for sure, you should reach out to a local mortgage broker and let them look at your complete scenario.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Need to know more information - 855 411 LEND Peter

If you are asking if you can do 95% rate and term refinance on a second home, the answer is no. Or at least I can't do it via a fannie mae or freddie mac underwritten loan. The only way would be HARP. The other question would be if it can be considered a second home and not an investment property, it doesn't matter whether you are renting it or not. Is it on a lake, near an ocean or any type of vacation community? How far apart are the two properties. What makes it a viable second home?

Not sure if I've got all the facts correct, but when you refer to the "old" property, is this the condo that you intend to sell at the end of the year? If that is correct, there would be next to zero benefit for you to refinance it if you will be selling in a few months.

Please call me when able 855 411 Lend or email www. HOMEMORTGAGEXPERT.com

Not as you have stated it.

YOU need to talk to a Lender411 Loan Officer.