Updated about 6 years ago on . Most recent reply
Refinancing with a VA loan
I currently have a VA loan on my primary residence. We are now moving and buying another home with my wife's physicians loan. I wanted to refinance the VA loan home to have a smaller monthly mortgage payment, so I can rent it out for a better return. From what I've been told, the VA loan has to be a primary residence for it to be valid? Is there any way around this so that I can actually rent it out to make a good return? I'm just trying to figure out a way I can rent it out without having to sell it, because it's in an area that is actually growing and would make a great rental. Any advice or guidance would be much appreciated.