 TITLE: Is Refinancing Harder When You’re Self-Employed? CONTENT: Finding the Right Refinancing Lender When You're Self-Employed\n--------------------------------------------------------------\nAs you can see, finding the right mortgage when you're self-employed can be tricky. Working with a mortgage broker can help. Brokers work with a variety of lenders to match individuals to the best loan for their needs.\nBecause fees, points and closing costs vary from lender to lender, shopping around is key to finding the best refinancing option. Start with your current lender: They know your financial and repayment history and may be willing to work with you to retain your business, such as by reducing fees.\nKeep in mind that different lenders may assess your financial situation differently, so even if one lender won't refinance your loan, another one might. For example, even if you've been self-employed for less than two years, some lenders will consider your previous experience and income in the same industry in deciding whether you're likely to sustain your income going forward. Lenders may also add some of your business deductions back into your AGI, raising your income and making it easier for you to qualify for a loan.\nAs long as you submit all your mortgage applications within a short period—14 to 45 days depending on the scoring model—multiple applications won't negatively affect your credit score. Aim to get offers from three to four lenders and then carefully compare mortgage fees, interest rates and monthly payment to calculate which offer best fits your refinancing goals. END