I have an investment property that I am planning on moving to, remodeling and refinancing. Given that rates and terms are better for a primary residence mortgage, how long do I have to live in the property before mortgage companies will allow me to refinance? Side note I have owed the property for 2.5 years.
There really isn't a hard and fast rule, it just needs to 'make sense.'
For example if you 'moved in' yesterday and your workplace is 1 hour farther away than your last primary residence, that really doesn't make sense...
By contrast if you moved in yesterday to secure a commute that is 1 hour shorter, an extra bathroom for your teenage daughter, and a yard for your dog, that makes sense and you're good to go!