Re-fi - 2 family used as 3 family

We would like to re-fi our home which is a legal two but used as a three.  Will this be a problem when we have the appraisal done?  Has anyone in our situtation done this and, if so, what was your experience? Thank you.

clintonhillhome

in Mortgage 12 years and 3 months ago

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vthatcher | 12 years and 2 months ago

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Adams right- just pull out the stove….     Vanessa Thatcher Senior Loan Officer   Atlantic Home Capital 4175 Veterans Memorial Hwy Ste 310 Ronkonkoma, NY 11779   Office: 631-687-3510 x106 Direct Fax: 631-918-5222 Cell: 631-672-4113     Website: www.atlantichomecapital.com  You can catch me in the directory at www.Brownstoner.com   & www.montauk-online.com

adam_dahill | 12 years and 3 months ago

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Yes, this will be an issue. You will most likely have to remove one of the stoves. It’s possible that you may get away with calling it an accesory kitchen but lenders and appraisers have been cracking down on extra kitchens. -Adam Dahill