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Weird Re-Fi Question - Union related.

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rojerono
Happiest.

Member since 8/06

13803 total posts

Name:
Jeannie

Weird Re-Fi Question - Union related.

Rob and I would like to take advantage of the nice low interest rates and possibly re-fi our mortgage.

The challenge is that my husband works for a union and is currently laid off - which means no pay stubs for him. The building trades are not doing well - so he may not be back to work until the summer or later (he's already been out since June '08) We have no challenge paying our mortgage with my salary - but I am not sure the banks would agree to re-fi with his income being SUB/unemployment at this juncture..

Does anyone know if this would fly in any universe?

Posted 1/12/09 5:03 PM
 
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Beth
The Key to your new home....

Member since 2/06

24849 total posts

Name:
Beth

Re: Weird Re-Fi Question - Union related.

does the union have a credit union or any mortgage help program?

I know some do

does he get any pay from the union now?

do you have any debt?

(you don't have to answer- you can FM me)

when did you buy the house?

Posted 1/12/09 7:41 PM
 

rojerono
Happiest.

Member since 8/06

13803 total posts

Name:
Jeannie

Re: Weird Re-Fi Question - Union related.

Posted by Beth1210

does the union have a credit union or any mortgage help program?

I know some do

does he get any pay from the union now?

do you have any debt?

(you don't have to answer- you can FM me)

when did you buy the house?



I don't know the answer to the first question.. but it is definitely something to investigate!

I'll FM you the rest of the answers

Thanks!

Posted 1/13/09 6:48 AM
 

jen919ifer
LIF Adolescent

Member since 7/08

803 total posts

Name:
Jennifer

Re: Weird Re-Fi Question - Union related.

We are dealing with a mortgage co for union members only, maybe they will have some answers for you. they are Members Mortgage in garden city NY

Posted 1/13/09 12:00 PM
 
 

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