There are some questions that I would need to know like: How much do you owe on the house versus how much it’s worth? How long has the self-employed spouse been self-employed? Hopefully, it’s at least 2 years which is what most lenders would want. And what do you consider decent credit? Hopefully you are talking 680+ FICO, which would be easier to get qualified for the refinance.

Just because a person is self-employed doesn’t automatically mean that they can’t get refinanced. You would need to work with a lender that will allow you to use 12-24 mos. bank statements instead of your tax returns (since you write off so much on your tax returns). Basically, the lender will qualify your loan based on what your average monthly deposits are.

I hope this helps and good luck.

To be hinest, this is going to be a tough sell. This is the problem that caused what is going on now in mortgage/banking industry- people claiming more income than they would provide.

You are going to either laugh it off or follow through with this advice: Seriously consider looking in your yellow pages for your nearest Primerica office. I am an agent in CA. For free, we will look at your total financial picture to include what you want for retirement. We will, then. provide you with a solution to your problem. Our pay? 10-15 people, you know. who could use our help.If we can’t help, we shake hands and part as friends(at least, I do).