Posted on: 20th Sep, 2010 05:05 pm
We had a loan with Countrywide that went to BOA when were living in our home. Since then we have moved into another property and rented the other. It's been a year and our intention is to move back in after 1 more year. BOA is offering refis to existing customers with no questions asked, using the Owner Occupied Rate (which we were at the time of the original loan). I am concerned that we'd be getting a Owner Occupied Rate even though it's rented now and will be for at least another year. I am concerned about this and wonder would happen if they find out it's rented. Not sure we want to go through with it???