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Anyone know of any companies that do auto refi's with no income verification?
Posted on 4/22/17 at 9:27 pm
Posted on 4/22/17 at 9:27 pm
Backstory: I'm moving in a few months and I start work a little bit after that. I'm still a student with no income at the moment but would like to refi my vehicle to save money for moving expenses.
I currently owe $7K on the vehicle (2013 Chrysler) and my credit score is in the 700s. I pay $260/mo and I believe that with my score I could be paying much less.
While it isn't absolutely necessary that I refi (I have money saved), it would be nice to have a little more money month to month. Thoughts and suggestions on companies that do refi's with no income verification?
I currently owe $7K on the vehicle (2013 Chrysler) and my credit score is in the 700s. I pay $260/mo and I believe that with my score I could be paying much less.
While it isn't absolutely necessary that I refi (I have money saved), it would be nice to have a little more money month to month. Thoughts and suggestions on companies that do refi's with no income verification?
6
Posted on 4/22/17 at 11:02 pm to oncealurker
I don't see how you would possibly come out ahead in that.
$260/mo is a pretty damn low car note.
$260/mo is a pretty damn low car note.
Posted on 4/22/17 at 11:17 pm to oncealurker
What is your current interest rate and term?
Are you looking to refi to extend term?
Are you looking to refi to extend term?
Posted on 4/22/17 at 11:55 pm to oncealurker
Don't think I've ever had my income verified for a vehicle loan
Posted on 4/24/17 at 10:15 am to oncealurker
If you find somewhere let me know. Trying to get my wifes car refinanced in her name so its not in mine(looking to buy house). But shes unemployed. She has 700+ credit score, but everywhere we look says they will need W-2s 
This post was edited on 4/24/17 at 10:16 am
Posted on 4/24/17 at 10:20 am to dshort_bruh
quote:
She has 700+ credit score, but everywhere we look says they will need W-2s
Lightstream. 1.89 % after they beat PenFed's rate of 1.99 %.
Unsecured loan. Have to have a great credit score and income. But they don't verify income. Why? Your income is not reported to the credit bureaus. And all they do is pull your credit file.
Posted on 4/24/17 at 12:31 pm to oncealurker
If you only owe $7K then it really won't save you any money. For example if you were paying 1.9% on that $7K for the next 30 months your pmt would be $240. If you were paying 5.9% it would only go up to $251.
Lightstream probably wouldn't give you anywhere close to 1.9 on a refi on a car that old.
Lightstream probably wouldn't give you anywhere close to 1.9 on a refi on a car that old.
Posted on 4/24/17 at 3:55 pm to ConfusedHawgInMO
Lightstream will match and beat any advertised rate out, new, used or refinanced - and PenFed is offering 1.99 % last time I checked which was just over 3 weeks ago.
It may not make sense in this case, but it is available.
It may not make sense in this case, but it is available.
Posted on 4/24/17 at 10:31 pm to oncealurker
Are you going to lie on your credit application about what you make?
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