Refinance with no income

Well, refinancing with no income is a little complicated. I mean you have a credit, right? and you want to refinance, but you are left without an income. Depending on the banks, some of them will want to you to prove your worth first before accepting giving you a refinance. They will want to know how and with what money are you going to pay the monthly rate, and then the bank will ask for endorsers and/or other mortgages. You see, this way the bank has a cover in case you don't pay up the refinance loan, it will get it back from your endorsers or you, by selling your goods and/or your house, or even the endorser's house. But some banks will not even consider giving you a refinance with no income that you can prove. You could have a better chance of getting a "refinance" with a loan shark, but the consequences are more dramatic if you risk that. Refinance without an income remains a dream for many. 

Don't let the bank fool you

You decide to get a loan, and you search a bank. You find a bank, you understand her policies and once you sign the contract new policies appear out of nowhere. In these times, the banks are desperate for clients. Many people with loans and/or mortgages are already in a relationship with a bank. The bank's new goal is to steal clients from the other banks with different refinance offers, and to attract new customers, inexperienced ones. This is the reality, the financial crisis left many people without their money and homes. Now that the things start to go better, the wheels of economy are turning again in the same direction. Prices are high as ever, incomes are low. Even so, the risk for a loan is great on both parts.

After all the treats and first good impressions come the bad ones. You find fees that you don't understand. You talk with a bank representative hours after hours on the phone trying to solve any issue, but failing to bring it to a conclusion.

There is no real solution to this kind of problems, just be aware that the bank is always used to win, she is used to screw you over when least expected. So the best thing you can do is negotiate to the blood, the terms of contract before signing it, but remember that there is no bank out there that is willing to sign anything that she has no control of or god forsake the signing parties have equal rights in that contract. It will only sign if she has the advantage of taking your money more than your advantage of stopping it from taking your money.

In this case scenario, the first thing you should do is report it to the designated authorities, but not before you save your records about everything you can use to defend yourself in court. Record your conversation with the bank, save your financial agreements and contracts with the bank, sold records, withdrawals, everything connected to that bank. Once you can prove that the bank's policies are wrong, then and only then you can attract bad advertising to that bank. And this way a lawsuit will catch you ready if they try.

How to cheat the bank - part 1

How to cheat the bank? you may ask. We all want some extra gain when it comes to negotiating with the bank, because unconsciously we know that the bank will do everything she can to take money as much as she can from you. Firstly, in this case, when negotiating a contract take advice from an expert, a lawyer, an economist, or even your gut. If something doesn't seem fair, don't sign anything, and if the bank doesn't back off, start searching for another bank.
Secondly, don't wait to be surprised. I mean ask how you can receive and get the money you just borrowed. Some banks don't even give you the whole sum, or they give little by little at certain time, putting conditions on withdrawal as in who, when and how to access the credit. Always ask these things before, and demand that they are written on the credit contract.
Thirdly, don't think that you can do something outside the contract or illegal, because you may attract bank's penalties, other interests or fees, or even getting you sued, not to mention cutting you off completely from your account, or if the things get serious, cut you off from accounts at other banks or take your goods. They have an army of lawyers and computers to put you in your place.
Fourth, consider every situation that you may come to, now or in the future. You must be able to face any unpleasant situation like: getting fired, lower incomes, moving, other mortgages - anything that could alter your relationship with the bank. Once you thought it through, think again about what the banks has to say in those situations.