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Old 11-16-2010, 10:55 PM
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Default What if you are unemployed but are getting unemployment

benefits and you want to refinance your FHA streamline? Just curious. I am still employed, but my wife lost her job a year ago and has been collecting unemployment benefits. We have an FHA mortgage thru Chase and were looking into a streamline refinace, but since the guidlines have changed as of 2010.......would we still qualify?@ Iffy - See thats the thing.......I keep reading different things. According to one site it says - We need to show that you are employed and have income coming in. We dont need to do a full underwriting of your income.I also spoke to a broker via email that told me the same thing. But I also read an article that said they have to verify that income is sufficient enough to pay mortgage.My issue is this........I have never been late on a payment in 2.2 years and my have has been unemployed going on 2 years.....that should be enough to let them know that we still are getting it done.
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