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Is it possible to refinance a mortage for current home to make it a rental

Posted on 10/20/16 at 7:29 am
Posted by Shane4689
Wrong Way on a No Way Road
Member since Dec 2010
3150 posts
Posted on 10/20/16 at 7:29 am
property, but not pay full mortgage fees?
Posted by tom
Baton Rouge
Member since Jun 2007
8174 posts
Posted on 10/20/16 at 8:45 am to
Why would you even refinance?
Posted by Chad504boy
4 posts
Member since Feb 2005
167137 posts
Posted on 10/20/16 at 9:23 am to
this wouldn't be beneficial.
Posted by HYDRebs
Houston
Member since Sep 2014
1243 posts
Posted on 10/20/16 at 10:37 am to
Yes I guess it is possible to refinance a current home as an investment property if that is your intentions, but the rate is normally going to be higher than what you probably have.

You could pay less mortgage fees by going up in interest rate? There's no "free lunch" though

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