Can I get a refinanced mortgage if i start a home business with no employees and still work my regular job?
I want to refinance my mortgage and I want to start a home business before doing so. It would not make employees, while keeping my current job. My home business is not necessary due balances or credit lines to increase my debt. Mortgage companies, who consider the concern that I quit my regular job or who rely on that deadline would make the mortgage payments? In other words, I have no trouble refinancing under these conditions. My credit score is around 650 and have been in my current job for 1 1 / 2 years, but had a steady job for long. I also paid my mortgage on time for 12 meses.La why I ask is because what he does, requires a licensor. Therefore, my social security number, this would demonstrate to businesses based on my domicilio.De fact, I’m looking for a new mortgage, a mortgage or personal loan does not need to borrow for pay debts.
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March 19th, 2010 at 3:37 pm
If there is no debt increases involved, then does the mortgage company really need to know about your home business? Go to http://www.businessstarterpackage.com/articles.html and check out all of the articles on this very sort of thing. You can find all you need to know there.
March 19th, 2010 at 4:32 pm
I believe the answer you’re looking for can be found on this site. They’ve got lots of info about the subject.
March 19th, 2010 at 4:38 pm
A lender wants to see a history of stable and continual employment and income and will consider
- your debt-to-income ratio (debt divided by income)
- the loan-to-value ratio (mortgage divided by appraised value)
- your credit history.
Based on what you have stated, as long as you continue to have stable employment and income, no increase in debt and maintain your credit score, your plans to start a business should have no impact on your ability refinance your mortgage.
March 19th, 2010 at 5:26 pm
i do not see any problem with you getting the refinance and i would not worry about the business end affected it!!!