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Updated over 6 years ago,
No doc cash out refi's still available?
As self employed folks, we generally end up with no doc type loans. We'd like to do a no doc cash out refi on our personal residence but we haven't dealt with brokers since before the big financial meltdown so I'm not sure what the process for a no doc looks like in todays climate. Our house appraises for between $750k - $900k depending on the appraiser (yes, it's that varied right now) and we have a mortgage of $167k that we'd like to refi plus $50k for debt payoff, etc.
Can anyone share what that process might look like and how doable this is right now?
TIA