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Where does the income you will need to qualify come from? 1099? W2? Commission? Investment properties?
My wife has W2 income. I have Schedule C which is why we always do an extension. Her paystubs h should easily qualify us for the mortgage. The house is in both of our names.
If you wife can qualify for mortgage refinance only on her W2 income, than it's a non-issue.
Our friends (husband is self employed and sole bread winner). They wanted to close on their home in middle of April. But closing was delayed because husband's sole income (S-corp); the bank wanted to wait till they got their tax year 2011 taxes filed.
So they closed one month later after they showed their tax statements because husband was the only income earner on S-corp.
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