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Updated over 6 years ago on . Most recent reply

User Stats

24
Posts
2
Votes
Brett Robinson
  • Real Estate Investor
  • Medicine Hat, Alberta
2
Votes |
24
Posts

Refinancing after Quitting Job

Brett Robinson
  • Real Estate Investor
  • Medicine Hat, Alberta
Posted
I am currently at a job making a really great yearly wage. Around 150K a year. So getting approved for mortgages is no issue yet. My question is after I scale up and make enough cash flow to sustain my life style I’d like to quit this job. After I do that will refinancing become a real issue as all I will be living off of is cash flow from my rental properties. Not sure how this works but I can see it being a problem in my “master plan”. Any advice or insight is appreciated..

Most Popular Reply

User Stats

1,251
Posts
261
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Bob Green
  • Lender
  • Mokena, IL
261
Votes |
1,251
Posts
Bob Green
  • Lender
  • Mokena, IL
Replied

Hello Brett,

As long as you have good credit, property cash flows and the loan to value is under 75%, there are plenty of portfolio lenders that can assist you. These type's of loans do not require employment or W2 income. PM me if you want to discuss further.

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