Refinancing an investment property >50% renter occupied
February 20, 2017 10:21 AM Subscribe
Our lender recently denied our refinancing application for our investment property because the condo building is more than 50% renter occupied. We'd like to reapply to another lender, but I'd really like to avoid calling each lender individually to ask if the renter occupancy ratio will be a problem for them. Is there a way to pre-screen for lenders who will not deny the application because of the rental occupancy rate? Is this a job for a mortgage broker? If so, me-mail referrals to Chicago-area mortgage brokers are welcome.