Refinancing When You’re Self-Employed — What to Expect

Already own your home and wondering if it’s time to refinance? Great idea — especially if you’ve built equity or your business income has grown.

For self-employed homeowners, refinancing can help you:

• Lower your interest rate
• Shorten your loan term
• Access cash for business investments or renovations

? What You’ll Need to Qualify

Even if you’ve had your mortgage for years, refinancing still requires updated income verification. Lenders typically ask for:

• Two years of tax returns
• Year-to-date profit & loss statement
• Business bank statements

If your income has been trending upward, refinancing could open doors to better rates or a new loan program that fits your needs.

? Bank Statement Refinances

If your tax returns don’t reflect your true income, bank statement refinance programs can use your deposits instead — no W-2s or traditional income proof required.

At Bluegrey Mortgage, we help self-employed borrowers find refinance solutions that make sense for their financial and business goals.

Thinking about lowering your rate or tapping into equity? Let’s see what your options look like today.