refinance primary then buy investment and want to move into it
Need some advice....
Recently refinanced a primary home (HARP) then purchased another home as an investment property a month later (25% down, higher interest rate). Now want to move into investment property and rent out the refinanced primary (new property is bigger, better location, etc). There is a clause in the refi agreement that says we have to occupy the primary home for one year. Are we stuck in the primary home for a year or can we move into the investment property without a problem? We qualify for both loans without projected rental income.