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nocountry2's avatar

Question about refinancing...

Asked by nocountry2 (3689points) January 14th, 2009 from iPhone

Trying to get a better mortgage rate right now – if I tell my mortgage person that I have no tax returns for the past couple years, can she report me? What’s a discreet way of addressing this?

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6 Answers

Judi's avatar

he has no incentive to report you but she may not be able to do the re-fi. You used to have to give all this info years ago, then everything got loose. It’s now tightening back up.

nocountry2's avatar

I am pretty sure she won’t be able to, and I want to tell her the truth, but not put her in an awkward position or compromise my own position—I just don’t know what their ethical rules are

Judi's avatar

She doesn’t have to tell the IRS anything.

SuperMouse's avatar

Is there such a thing as a “stated income” loan anymore? I’m guessing with the current mortgage crisis there isn’t. With that type of loan you don’t have to provide any income documentation, but even when the money was flowing like water they were tougher to get.

miasmom's avatar

we just refinanced and they only wanted paycheck stub, proof of homeowner’s insurance, and copy of our property tax statement, they didn’t ask us for any tax returns…we refinanced with our local credit union.

nocountry2's avatar


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