So I've been a lurker here for the past 5 months or so...in that time I've gotten my scores from 619 to 700 (EXP) by paying off revolving credit for the most part. I've been house shopping the past few months and I just have a few questions. I know there's a lot of knowledgable people on this forum so I was hoping to get a rough estimate as to how much I would possibly be approved for?
Current income - $38000
Plus some misc income from a volunteer fire department I am on (yes, we get paid per hour on a call). It adds up to roughly $5000 a year. I think I can use this income? If so the total would be around $43000 / year.
Like I said up above I currently have a 700 Experian score, hoping that will jump up to at least 730+ once the credit card company updates their reports again. I had a card with a $3200 balance and paid it off down to $800.
My only debts are;
One credit card with a $800 balance
One car installment with a $24500 balance. $532/mo payment. Have been thinking about refinancing...rate is currently at 10.2%. I think I could cut that in half with my current scores (I got the loan with a 639 score).
