Posted on: 17th Dec, 2009 12:38 pm
We had are home forsale for a year in Wisconsin no one could get qualifed for the loan so just rented out for six months can we refinace the property now or what till people move out
If the home has been off MLS for 6 months, you shouldn't have an issue refinancing it. You will need equity in the home. Most guidelines on investment properties only allow you up to 80-85% LTV on refinances. Usually average to above average credit is required as well.
you ought to be able to refinance, as ted mentioned.
