As many of you know, I am trying to get around the 10 house limit on two houses I am trying to refinance in OK.
I had another thought today that might address this problem.
Can I get a stated income loan? This would solve the 10 house limit problem as the mortgages are largely in my wife's name (because she has the income, not me). So, when they ask how many mortgages I have in my name I could truthfully answer 4 or 5 (I forget, but it is definitely less than 10). The only problem, then, would be income. Can I just "state" my income and then get this refinance done?
Do stated income loans still exist? If so, would a stated income loan solve my problem?