Profile picture for rivk

are there any banks that offer a no doc , nor showing of paystubs for a refi on a fannie may loan .

  • July 13 2009 - Lakewood
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Answers (4)

Short answer, if there is, they won't be around for long. Hard money, as Rudi says is an option, but you will pay out the nose for it, and unless your rate is currently around 15%, you won't see any benefit. If you have lost your job, and can get a new job in the same line of work as your old one, you have a chance as long as your employment has not lapsed for too long. If you are worried about DTI, look into FHA, who goes up to 51%. Other than that I would just concider keeping your current loan.

The question is, why do you not want to provide documentation. There may be plenty of loan programs out there that will still work in your situation. Please provide more information.
  • July 14 2009
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highly unlikely.  however, you might want to contact your existing lender/servicer.  you would be surprised what they are doing to keep loans current and preventing default.  if you lost your job, I would suggest telling them early to see what can be done...
  • July 13 2009
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Profile picture for zag44
I never cease to be amazed at some of these questions.
  • July 13 2009
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If the LTV is under 60% find a Hard money Lender. Rates are around 11.5%. .... Happy funding Rudi
  • July 13 2009
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