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Again, because of a lack of income for months, we have significant debt-to-income ratios that will also make getting a loan nearly impossible.
Do you have any suggestions on a way to refinance this property so we can avoid a complete collapse of our personal finances?
A: I’m sorry, but I don’t have any easy answers for you. Without an income, you can’t get any conventional lender to refinance your loans.
Worse, this isn’t your primary residence. It’s a rental property, and fewer lenders are willing to give loans on investment properties these days or modify the terms of an investment property loan.
If you or your husband were employed, and your home had some equity, you could try a regular lender.
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