As interest rates drop, you may be in the market to refinance your home loan.  Be aware that owner-occupied refinancing is a little different from second-home or investment-home refinancing.  Generally speaking, owner-occupied refinance rates are lower and they are exempt from some of the fees and points imposed on second-home and investment-home refinancing. 

When you apply for refinancing, the application form will ask if you intend to live in the house or not.  Saying that you will use the home as a primary residence will allow you to get a lower interest rate.  However, if you say that you intend to use the home as your primary residence you will need to:
    1) move into the house within 30 to 60 days after the closing date; and
    2) live in the house for at least a year.
Failing to do the above will land you in trouble for committing fraud against the lender (occupancy fraud, mortgage fraud, bank fraud). 

HD Lending is a leading Arizona hard money lender and we specialize in private lending for owner-occupied refinance programs. Through private lenders, we lend funds for real estate transactions such as new home purchases and refinancing. Hard money lenders are perfect for real estate transactions that do not qualify for loans from conventional funding sources such as banks. HD Lending lends funds throughout the Tucson AZ metro area and surrounding neighborhoods.