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Refinance while furloughed?

Hello everyone, first time poster here so please let me know if I'm leaving anything out.

I've owned my current home for 5.5 years, 30 yr conventional mortgage with 4.25% interest rate. No PMI. I currently owe $119,000 on the mortgage and house is estimated at $275k-$300k. I'm in Arizona.

I've seen how low the interest rates have gotten and I'm really interested in refinancing to try and get a lower rate, but I was furloughed from work in March and I'm unsure if I will return to the same job. I've started looking around for other positions. I'm curious if any lender would consider refinancing for someone who is currently unemployed. I have about $30,000 liquid cash and a credit score of around 800 depending which bureau is reporting.

Am I stupid for thinking this is possible? I don't really know anything about this stuff so just looking for an opinion as to whether or not this would be worth it.

Thanks!

submitted by /u/atypicala
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/i0c9i2/refinance_while_furloughed/
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