Refinance with no income verification

You might want to consider refinancing some day, so I am publishing some info for consideration.
Maybe you are one of those who struggle to prove the amount of money you make each year. Here is the ugly part: if you want a refinance, you have to prove the income. But, like in every business, we can take a different way, like applying for refinance programs with no income verification. That means
no providing for tax statements, paychecks stubs, no documents showing where you work and how much you earn. In addition, you can write on a piece of paper your income and use it as your income documentation, especially if you are paid cash for your services or products.
Unfortunately with no income verification, the fees and rates that are higher than on a normal mortgage. Simply because there is more risk involved with this type of mortgage. So don't expect the lowest rates or fees when you choose this option.

I would say this option should be considered by those who own small businesses and those who earn cash tips. These types of activities are usually turned down by the lender even if they afford a refinance for their mortgage and struggle hard to try to prove a true income, because the papers will show that they cannot handle a loan.

So choose your refinance program wisely, there is no need to hurry. Just analyze different programs with no income verification and you will find one that suites you.