Tue Oct 25, 2016 4:50 pm
Well (this is no reflection upon you at all), statistically business owners go bankrupt a lot more often that a employee with a mortgage does. It's all about risk.
Heck 12 years ago if you had a heart beat you could get a mortgage. And we all saw how that ended up for many people.
So I understand having checks and balances.
Now that being said, perhaps do a refi with taking out enough $ to make the down payment % that the commercial bankers want to do for a rental mortgage. Don't be surprised after crunching the numbers that for the 1st few years you are going backwards. I suggest talking with Bill or others that are into rentals for guidance, etc.
BTW, statistically, the week of and after Christmas are the cheapest mortgage rates for the year.
.
God, help me be the man that my dog thinks that I am.