We rented our house in Georgia, and our work covers our apartment. We moved internationally due to work. Can we refinance our home? by mattca_248_107 from Leland, North Carolina. Jan 12th 2013
Assuming you meant that you currently live abroad, you would need to adequately document your income. But yes, you can refinance your GA home. If you last closed on the mortgage for that property prior to June 2009, you may also be able to take advantage of the HARP refinance. Please feel free to contact me as we also lend in GA. barb.lanis@1amllc.com
This property is an Investment Property now subject to being refinanced as such. You can refinance but will need to really make a full application. Hopefully your credit is in tact and income to debt ratios are okay. If you want to send me some direct details, I would be happy to help you offline as it should be put out on a public website. Email me to SCeceri@FNBMTG.com
Dear Mattca,If your home in Georgia has a FHA loan and you show the rental property on your tax returns you may be eligible to do a FHA Streamline Refinance. FHA allows the refinance of primary residence turned rental property with some restrictions. I have done a few of these loan recently in NC and SC(the two states I am licensed in.) I am not licensed in GA so you would have to contact someone who is licensed there and give them the details for eligibility.If the home is not secured by an FHA loan, it would need to be refinanced as an investment property. Hope that helps. Ken
As long as your income is US currency, and you meet the guidelines of the particular loan then you will be ok.
Yes, that is possible depending on your qualifications, when the current mortgage was done and possibly whether you have any equity in the home.
is your income from out of the country? linda yourloanpartnerforlife@live.com
Yes. Nothing prevents you from refinancing just because it is now a rental property. Normal lending guidelines will apply...
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