Are tax returns need for a refinance
___
Published Date 4/9/2020
Someone once asked me: Is it possible to refinance a mortgage without showing income tax returns?
If you're self-employed, you will probably have to provide tax returns to verify your income. The "stated income" loans that got us into so much trouble leading up to the meltdown of 2008 are no longer available.
Most self-employed borrowers take advantage of every possible write-off to keep their tax liability low. This may come back to haunt them, however, when they go to apply for a mortgage. As the adage goes: Self-employed people either like their tax bill or their mortgage rate, not both. ?
Hope this is helpful.
All information furnished has been forwarded to you and is provided by thetbwsgroup only for informational purposes. Forecasting shall be considered as events which may be expected but not guaranteed. Neither the forwarding party and/or company nor thetbwsgroup assume any responsibility to any person who relies on information or forecasting contained in this report and disclaims all liability in respect to decisions or actions, or lack thereof based on any or all of the contents of this report.
Surefire Mortgage Group (dba Home Front Mortgage) is an equal housing lender.
Surefire Mortgage Group operates mortgage companies under separate NMLS Numbers and licenses in different states. Please search the NMLS Number on Consumer Access for more information.
NMLS #'s: 1611328 | 2316461 | 2468709 | 1894173 | 2489117 | 2507996 | 2513177 | 2489113 | 2615968
To view our NMLS Filings, CLICK HERE | To read our Important Disclosures, CLICK HERE
Privacy Policy | Customer Complaint Policy | Texas Complaint Notice | Disclosures & Licensing | Loan Product Disclosures
Brian Voytko
Certified Mortgage Advisor
NMLS: #437292
400 Arcola Rd., Collegeville PA 19462
Company NMLS: 1611328
Cell: 215-407-3832
Brian Voytko
___
Certified Mortgage Advisor
NMLS: #437292
Cell: 215-407-3832
Last articles
___
Mortgage Calculator
___
