My contract states that it must be my primary residence for 1 year. Due to certain circumstances I can no longer have this as my primary home. The home is worth $150k more than my loan. Over the past 5 years I have never been late on a payment and I can still make the [...]
Posts Tagged ‘refinanced’
can you then obtain another FHA loan for a second property which will be your primary residence and rent out the first home with the conventional loan? Can you take the equity out of the home for the down payment for the conventional loan + closing costs?
I know that if a person already has an FHA loan, they may refinance using the FHA Streamline process. If a person currently has a conventional mortgage loan, can they refinance using FHA? If posible, can you please provide me the resource where I can read this information. Only if that’s not to much trouble. [...]