How To Get A Mortgage Refinance Without A Job 

The general rule with respect to home mortgage is to always refinance when interest rates drop. But can you get a mortgage refinance without a job and if yes, how difficult is the process?

Low mortgage rates combined with high unemployment has led to a peculiar situation. The current low rates are as result of actions taken by the FED based on economic conditions.

A seasonal worker, can document that they received jobless payments consistently for at least two years and be considered for a mortgage.

And the lender must verify that the seasonal income is likely to continue.

Family member To Co-sign

As long as you have a family member willing to co-sign; this should be a fairly easy method to refinance.

Asset based mortgage refinancing lets you refinance without a job. The lender calculates income based on the assets you have.

Only liquid assets can be included. So besides cash, you can also include publicly traded stocks, bonds, ETFs, mutual funds, etc.

How Is Income Calculated From Assets?

All stocks, ETFs, mutual funds undergo a 30% haircut. The lender assumes that the market could drop and accordingly considers it at 70% value.

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