nashvillephoto
Junior Member
Hello,
I live in Nashville, TN and purchased a duplex in 2005 using a fixed 30 year loan at 5.0%. I lived in one side and rented out the other until 2010 when I purchased a single family home down the street. I am interested in refinancing the duplex with a 15 year fixed loan with no cash out, but will likely be buying another house either this fall or spring of 2014. I am curious to learn about any restrictions or other issues that may arise as a result of refinancing before buying another house. Is there a waiting period? In case the info matters, I will not be selling the single family home I currently live in either but keeping it as a rental property.
Thanks for any info/advice you may have.
I live in Nashville, TN and purchased a duplex in 2005 using a fixed 30 year loan at 5.0%. I lived in one side and rented out the other until 2010 when I purchased a single family home down the street. I am interested in refinancing the duplex with a 15 year fixed loan with no cash out, but will likely be buying another house either this fall or spring of 2014. I am curious to learn about any restrictions or other issues that may arise as a result of refinancing before buying another house. Is there a waiting period? In case the info matters, I will not be selling the single family home I currently live in either but keeping it as a rental property.
Thanks for any info/advice you may have.
