and still work my regular job? I want to refinance my mortgage and I want to start a home business before doing so. It would have no employees and I would still keep my current job. My home business will not require any due balances or credit lines to increase my debt. Would mortgage companies see the worry that I would quit my regular job or would they trust that I would maturely handle the mortgage payments? In other words, would I have no problems getting refinanced under these conditions. My credit score is about 650 and I've been at my current job for 1 1/2 years but have had steady employment for a long time. I have also paid my mortgage on time for 12 months.
The reason I am asking is because what I will be doing requires a vendor license. Therefore, in my ssn, it would show the business based at my home address.
I am actually looking for a new mortgage loan, not a home equity loan or personal loan and I don't need to borrow to pay debts.

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A lender wants to see a history of stable, continuous employment, and income and consider your debt ratio debt divided by revenue. The loan to value mortgage divided by the estimated value your credit history. Based on what you said as long as you continue to have a stable job and income, increased debt and maintaining your credit score, your plans for starting a business should not affect your ability to refinance your mortgage.

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