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Updated over 4 years ago,
low/no W2 or 1099 income, hi assets - can I get a REFI loan
Hey BP community,
I have a unique lending need and not sure how I can accomplish it, if at all. I haven't been working for quite a while so have no W2/1099 income. I do have several cash-flowing SFRs with good equity positions and high-balance brokerage accounts. My goal is to refinance one or more of my properties at a lower rate so I can pay more toward principal each month and own them outright sooner.
Can anyone recommend an asset-based lender or other creative way to do this?
Thanks,
James