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Updated about 5 years ago on . Most recent reply

converting primary to rental and buying new primary
so I am just thinking out loud here ....
I am closing on a refi on my current primary residence... we purchased in 2016...lived in it now 3 years plus... I am considering a custom build to move out and rent b/c we can now make about 12% c/c due to the new rate...
curious though, as a refi, is there a "seasoning" period to being able to go this route? and also getting a new loan on the new custom build, I assume I can then turn around and get a "primary" mortgage rate on that as well?
thanks in advance
bo