Looking for some advice. My girlfriend bought a townhouse in Des Moines 7 years ago. A couple years after that, she moved to Iowa City for a promotion with her company. Her uncle moved into her townhouse in Des Moines and has been renting it from her ever since. My question is, is she able to refinance it or lock in a lower mortgage rate? We've asked a few friends and they have said since its used as a rental and not her primary residence (she lives with me) that she can't refinance it. Does that sound right? She currently has a variable rate mortgage on it, would it be possible to get into a fixed rate? She'd love to take advantage of the low rates right now, but we don't really know where to start or if its even possible. Hopefully some fellow CF'ers can help.