Comments on: What To Do If Your Mortgage Refinancing Application Is Denied http://www.refiadvisor.com/pblog/mortgage/what-to-do-if-your-mortgage-refinancing-application-is-denied/ Expert Mortgage Refinancing Advice You Can Trust Sat, 11 Feb 2012 02:15:20 +0000 hourly 1 http://wordpress.org/?v= By: Amelia Diaz http://www.refiadvisor.com/pblog/mortgage/what-to-do-if-your-mortgage-refinancing-application-is-denied/#comment-5883 Amelia Diaz Wed, 22 Jul 2009 03:22:35 +0000 http://www.refiadvisor.com/pblog/?p=1142#comment-5883 Denied refinance loan (for a fixed) -- self employed income showed to low on tax return (too many writeoffs). Holding a 479,000 loan (5-yr variable -- currently 5.875). Self employed. Credit Scores: high 700's. Wanted to pay down jumbo to a conforming loan (225,000) taking money out of another investment property (existing loan of 185,000-- fixed rate) Property 1: appraised 1,2 million Property 2: appraised 800,000 Worried about variable rate change in 3 years and wanted to change this loan to a fixed. Have good savings also. Any ideas? Denied refinance loan (for a fixed) — self employed income showed to low on tax return (too many writeoffs). Holding a 479,000 loan (5-yr variable — currently 5.875). Self employed. Credit Scores: high 700's. Wanted to pay down jumbo to a conforming loan (225,000) taking money out of another investment property (existing loan of 185,000– fixed rate)

Property 1: appraised 1,2 million

Property 2: appraised 800,000

Worried about variable rate change in 3 years and wanted to change

this loan to a fixed. Have good savings also. Any ideas?

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