Refinance my FHA loan

[Larry Perez]

Hello all,

I purchased a house 4 years ago for 145K with a 30yr @4.25% FHA loan (5% down). After living in the house for 1yr I decided to rent it out (does not cash flow well).

 I now owe 100K on the loan and was hoping to refinance and put 25k down to increase cash flow. My lender says it is not a good idea because interest rates on an investment refinance are too high.

Should I listen to my lender?