Refi with no job in Georgia

[Kelli Huang]

I have a question for a friend that has a house free and clear, but doesn't have a job. The bank won't let him do a cash-out refi without income. He is planning on getting cash out of this home in order to buy another one and rent the current house out. Can anyone suggest a lender that can help? Or what should he do in this situation? He doesn't want to sell it.

[Michael Barbari]

@Kelli Huang Look up asset based residential lending in your area. Make sure if you find a company that does it, you look up reviews and research them before going with them.