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Have a 7 pecent rate but can't refi due to income is there any refi avail I can make payment but can't prove income day care

by Richie102781766 from Norwalk, California. Jan 2nd 2015 Reply


There are loans available that we can use your deposits. It would require up to 24 mos banks statments. The available equity and credit score is a major factor as well. If you would like a quote, please contact me.Fgrant@afflending.com or fill out a quick quote request on our website.Http://www.afflending.comForrest Grant

Jan 2nd 2015
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Linda Wintersteen (Linda123)
#63 ranked lender in Arizona - 1,250 contributions

I have other ways for you . I can do your loans as a business, I need only 2 to 6 months bank statements ...if you own the day care. other wise , there are alternative ways to reduce your rate, it will depend on your credit score .. email at yourloanpartnerforlife@live.com linda

Jan 3rd 2015
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Timothy Howard (timehoward)
#70 ranked lender in Utah - 150 contributions

Richie,Please give me a text or call me at 435.764.8709. I have some other options for you to speak with you about.Please email me at tim.howard@greenstreetbanker.com

Jan 3rd 2015
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Sean Young (SeanYoung)
#2 ranked lender in Colorado - 1,107 contributions

There may be some non QM loan options depending on how long you have been self-employed. There are some 12 month bank statement programs available where they average your deposits and look at your year to date profit and loss. Most likely you don't have a P&L, but they are easy to put together. I would contact a local loan officer and ask if they have some non QM loan products. Best wishes, Sean

Jan 4th 2015
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,933 contributions

There are refinance options where proof of income is not required, but your existing loan has to be VA or FHA. If not, then just to clarify, There are NO CONFORMING LOANS available for your scenario.. all conforming loan products require you to provide tax returns, pay stubs, and/or W2's to support your income. What others here are talking about is NON-CONFORMING loans, called "Hard Money Loan's".. These loans will typically require 30% or more down payment and the interest rate and fees will be ridiculously high.. even as high as 12% to 14% interest rates and expect to be charged as much as 5% in loan origination fees.. Your better off claiming your income on tax returns for 2014, and this time next year when you file for 2015, you can buy assuming you show enough income and meet all other eligibility requirements.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Jan 5th 2015
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Ralph Richard Guertin (ralph@absolutelowrates.com)
#137 ranked lender in Florida - 644 contributions

Hi, there are some NEW Alt-A products available that could work for you, give me a shout or send me an email and we will go from there...Ralph Guertin 954-274-7725 or Ralphg@bayburg.com

Jan 5th 2015
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