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Updated 2 months ago, 11/01/2024
Owner occupied refinances - Retired / No W2 income
Hello all, not sure if this the right location to pose this question, please let me know if there is a better category or location to post in.
I have moved away from my W2 job and living off of investment income (rental + stock portfolio). AGI is roughly $100k per year + a range of $500 to $3k in rental cash flow per month. I have 2 three unit buildings in Chicago and owner occupy one of those buildings. The one I owner occupy I am looking to Refiance out of the 6.75% rate I have currently in the future.
I know conventional lenders require a W2 income to refinance. Does anyone have experience/recommendations of lenders who work with investors who have moved away from W2 income and can prove self sufficiency?
Thanks in advance for any advice or suggestions.