We currently are fiancing our home through the owner of the house. We have a 7% adj loan through him. We have lived here a little over 2 years. We are looking to refi to get the mortgage on our credit report since our on time payments are not currently being reported. I contacted BOA about a possbile refi through FHA. I guess they have their own internal score for us of 578. They want us to pay 50.00 for a final approval but we dont want to throw away 50.00 if we are not approved. Alot of the collections are medical related from what I understand they arent really facotring those in. Whats the changes of atleast getting a 7% rate right now? Or should I wait and clean up my credit more?
