Anonymous
Anonymous asked in Business & FinancePersonal Finance · 1 decade ago

can i refinance my mortgage without a job?

I do have money in the bank

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  • 1 decade ago
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    In today's environment, it will be very hard to find a lender willing to give you a new loan. There used to be stated income products and no income products. But the lenders who made those loans had serious troubles which led to the current financial crisis. So hardly anyone is making loans like that anymore.

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  • 1 decade ago

    Without a regular source of income, especially a full-time job, it will be difficult for to refinance the your mortgage. I don't think you will even get refinance loan or line of credit.

    you can sell the property but you will have to pay off the loan immediately from the sale proceeds of the property.

    The website below may provide some insight for you.

    http://www.refinancing101.net

    Good Luck......!

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  • 1 decade ago

    I don't think anybody will be willing to mortgage your property with out the assurance that thy are going to get their money back.If you do have money in the bank why don't you use that rather than borrowing some.

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  • Anonymous
    1 decade ago

    Well i don't think its a good idea

    just find a job for yourself steady

    yourself then go for it. Going for it now with

    the saved money is not a good idea brother

    so just relax and have some patience :)

    http://www.4refinancemortgage.com/

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  • 1 decade ago

    No.

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