Is it Possible to Refinance a Mortgage While Unemployed?

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Is it Possible to Refinance a Mortgage While Unemployed? – This is a place for the community to provide tips and advice on Is it Possible to Refinance a Mortgage While Unemployed?. This topic was created by Furio Milioni and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

Tip 1 - How Can You Refinance Your Mortgage If You Are Unemployed?

Published: 9 years, 5 month(s) ago | Submitted by Bradley Matthews | permalink

Refinancing your mortgage while unemployed is a challenge. When you refinance a mortgage, you are paying off your old mortgage and negotiating a new one. This includes passing all the credit checks ...

For further reading: http://homeguides.sfgate.com/can-refinance-mortgage-unemployed-2074.html ^[1]

Tip 2 - How to Refinance While Unemployed

Published: 9 years, 5 month(s) ago | Submitted by Jorge Jalil | permalink

Refinancing a mortgage loan to one with a lower interest rate can save you a significant amount of money each month depending on the size of your existing loan. If you recently lost your job, these ...

For further reading: http://homeguides.sfgate.com/refinance-unemployed-9505.html ^[2]

Tip 3 - How to refinance your home when you don't have a job - DailyFinance

Published: 9 years, 5 month(s) ago | Submitted by Robert Arris | permalink

As someone who has been without a full-time job for more than a year, I've wondered how to refinance my home while being unemployed.It's a tough situation

For further reading: http://www.dailyfinance.com/2009/09/03/how-to-refinance-your-home-when-you-dont-have-a-job/ ^[3]

Tip 4 - Is it possible to refinance a mortgage if your unemployed but get unemployment money - Zillow Mortgage Advice

Published: 9 years, 5 month(s) ago | Submitted by william ellermeyer | permalink

Refinance in Gray, ME - current mortgage is 6.25 %<br/>first mortgage bal is 90000<br/>home equity is  35000<br/>home value ...

For further reading: http://www.zillow.com/advice-thread/Is-it-possible-to-refinance-a-mortgage-if-your-unemployed-but-get-unemployment-money/472416/ ^[4]

Tip 5 - Unemployed? Refinancing Won’t Be Easy

Published: 9 years, 5 month(s) ago | Submitted by Adjaso 15 | permalink

Refinancing is an attractive option for people who want to trim expenses. But for the unemployed, the chances of qualifying for a refi are slim.

For further reading: http://blogs.wsj.com/wallet/2009/07/20/unemployed-refinancing-wont-be-easy/ ^[5]

Tip 6 - How Can We Refinance Our Mortgage While I'm Unemployed? - Nicole

Published: 9 years, 5 month(s) ago | Submitted by Mike Holdmeier | permalink

“Dear Steve, Unfortunatly as I found out the HOPE program and all other programs will not modify your loan if you are currently on Unemployment benefits. What are options for people who are unemployed. I am working but my husband was laid off over 2 years ago. I have tried to modify my mortgage thru ...

For further reading: https://getoutofdebt.org/43514/how-can-we-refinance-our-mortgage-while-im-unemployed-nicole ^[6]