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Most lenders aren’t a huge fan of considering a refinance on a short term rental. The potential risk of not having a long term lease on the property makes them nervous.
Now investors can get approved to refinance if they can show 12 months history to support that their short term rental out performs long term rentals in their respective market.
In today’s post I cover everything investors need to know about getting approved on this type of mortgage.
Bonus: tax returns are not required on this product.
Learn More here: https://www.balanceprocess.com/airbnb-refinance-short-term-rental-mortgage/
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