Get a Refinance Review Today!!!
A no-income-verification refinance loan, also known as a "no-doc" or "stated income" refinance loan, offers a unique refinancing solution for individuals with non-traditional income situations. This type of loan requires minimal income documentation, making it an ideal choice for self-employed individuals, freelancers, or investors with fluctuating incomes but significant assets. Despite potentially higher interest rates due to perceived risk, these loans offer quicker approval processes and flexibility. Please be aware that credit score and equity requirements still apply. Explore the potential of no-income-verification refinance loans today and leverage your unique income situation for improved mortgage terms.
Lower Interest Rates: If interest rates have dropped since you took out your original mortgage, you may be able to lower your monthly payments by refinancing at a lower rate.
Shorter Loan Term: Refinancing to a shorter loan term can help you pay off your mortgage faster and save money on interest over the life of the loan.
Change in Financial Situation: If your financial situation has changed, such as an increase in income or a decrease in debt, you may be eligible for a better interest rate or more favorable loan terms through refinancing.
Cash Out: Refinancing can also provide an opportunity to tap into your home's equity and withdraw cash for home improvements, debt consolidation, or other expenses.
Travis Egan, VA Mortgage Vet
NMLS # 655284
2031 Wilma Rudolph Blvd
Clarksville, TN 37040
(931) 208-6280
Loan Factory
NMLS # 320841
2195 Tully Road
San Jose, CA 75254
(660) 333-3333
Loan Factory is an Equal Housing Lender. We fully comply with the Equal Credit Opportunity Act (ECOA) and all other federal regulations. All applicants applying for credit from Loan Factory will never be discouraged based on race, color, religion, national origin, sex, military status, marital status, age, or because you get public assistance. All information we request is voluntary and will be kept confidential. For more information on the ECOA, please visit: http://www.ftc.gov/bcp/conline/pubs/credit/ecoa.shtm
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