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Updated about 3 years ago,
Self-Employed Rejected on Cash-Out Refi to finance rehab
I'm looking for other financing options to tap home equity. We were rejected on a conventional cash out note (with our current lender we've had for 10 yrs) for not having enough net income, due to our being self-employed. We are trying to finance 2 rehab projects (we own out right) and have more than enough equity in our primary residence but cannot tap it. Any advice would be appreciated.