When can someone after buying a 2nd house refinance house # 1?

nini asked:


I bought my house 9 years ago, and I have very low interest. I’m in the process of buying a 2nd house planning to rent the first one. My question is how soon after I sign the papers for the other house can I refinance this house.
I just want to get more confortable with my payments. I also have a good credit. I don’t know if that helps.
Thanks.

Eric

Tags: Buying House, House Rent, Refinance House

This entry was posted on Saturday, January 10th, 2009 at 7:56 am and is filed under Personal Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “When can someone after buying a 2nd house refinance house # 1?”

1. Kaitlin B Says:
   January 10th, 2009 at 2:50 pm

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2. dpepperdrinker Says:
   January 12th, 2009 at 6:05 pm

   Yes. You may have a situation with owner occupancy. Some rates are lower only if you occupy the house not for investment property.

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