Can I refinance my home loan since I have been laid off from my job?

Question by Drum Wiz: Can I refinance my home loan since I have been laid off from my job?
I was laid off from my job a few months ago, and my current home loan is current with no late payments. Things are starting to get tight on our finances. Are there programs or companies that will provide refinancing when someone has been laid off?

Best answer:

Answer by Judy
No.
Don’t even tell your credit card companies that you are unemployed.
They will report any changes in your employment status to your credit report.
Other creditors, when they monthly check your reports will notice that check mark.
This may cause a snowball effect.
Credit cards will call you risky and raise your rates, and cut your limits on all the cards.
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6 Comments for “Can I refinance my home loan since I have been laid off from my job?”

  1. MVD34

    No. You must have income to qualify for refi.

  2. Chris M

    If you know to have some equity in the home, the difference of ” valuation and what you owe” I suggest you speak with whom the mortgage you have been paying off so regularly.

    You are most likely to receive the most favored treatment and the lowest interest rate.

  3. christopher

    this is a way to make around ten or twelve dollars an hour or even more. the website is http://www.cashcrate.com/1723973 the number is VERY important you answer surveys for money. the site requires nothing but your name and your address so they can mail you your check if you sign up on that website then msg me and i will help get you started. if you have any other questions msg me

  4. STEVEN F

    When you refinance, you are applying for a NEW loan. Any lender considers you INCOME when deciding if you can afford the loan. Without an income, you don’t qualify. Attempting to avoid that FACT if the single biggest cause of the housing meltdown.

  5. Peggy Whitney

    Hello, I am Peggy Whitney, I saw your question on how you need loan I got my from standard loan firm a month ago with monthly repayment schedule and interest rate of 3% you can contact them today but you must be willing to pay back as at when due here is the email standard_loanfirm@live.com

  6. Refinancing with Bad Credit…

    Here’s also a great article regarding…

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