Did you know it is possible to refinance your mortgage without providing documentation to the mortgage lender regarding your income or assets? It takes stellar credit to get one of these mortgages; however, homeowners that value their privacy or self employed workers that have trouble documenting their income all benefit from no doc mortgage refinancing. Here is what you need to know if you are in the market for a no doc mortgage.

Traditional mortgage lenders require significant documentation when approving your mortgage. These mortgage lenders want to know where you work, how long you have worked there, how much you earn, what you have it the bank, and how many debts you have. Mortgage lenders do this to evaluate their risk in lending to you, despite the intrusion to your privacy.

Not all homeowners can provide sufficient documentation to satisfy traditional mortgage lenders when refinancing. These homeowners are self-employed or work on a commission basis and have incomes that vary from month to month. Some people are just picky about their privacy and do not want their financial details made public. If either of these situations describes you, a no doc mortgage could be the answer you