I have a LOC with my credit union that I have had since I started working for the company, not sure if we can post our personal info here. It is only $500 and I actually had it decreased from $3000 years ago. (before I became educated on credit) Last month, I applied for a CLI and they declined me saying that my DTI was too high. I have several rental properties, so I have 12 mortgages on my credit. When the rep first took my appl. she did not ask me for the income for the rentals. I called and gave them my rental income and they still came back and said my DTI was too high. I want to increase it to $10,000, should I have asked for a lesser CLI? If so, don't they usually counter if they cannot do the requested amount? Thanks for your help on this one.
How do I do the recon. that I have read about on the other posts?
