Refinancing and Purchasing at the same time

[Alley Hassen]

We are considering refinancing to remove PMI, and are also ready to invest in a what will be a rental getting a conventional loan at 20%.

Is there a way for the lender to pull the credit one time? Should we do one before the other?

[Account Closed]

Originally posted by @Alley Hassen:

We are considering refinancing to remove PMI, and are also ready to invest in a what will be a rental getting a conventional loan at 20%. Is there a way for the lender to pull the credit one time? Should we do one before the other?

Having two things going at once will probably be a problem. Lenders don't like uncertainty and changing DTI, debt load, etc creates uncertainty. Contact a local mortgage broker, tell them your plans and let them direct you.