Mortgage Loans

turn on suggestions Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Reply
Topic Options
Established Member
daskon
Posts: 21
Registered: ‎07-01-2012

Refinance mortgage loan to wife only

Options

‎10-25-2012 02:24 PM

We have been thinking about whether we should refinance our current mortgage in my wife's name only. The reason for doing this is her scores are above 640 and my mid score is still 624. Would it be wise to do this as my credit will no longer show any mortgage payments?. I would still have two car loans, 3 CC that I'm paying on.

Message 1 of 2 (217 Views)
 
Reply
Valued Contributor
beb86
Posts: 1,096
Registered: ‎10-31-2011

Re: Refinance mortgage loan to wife only

Options

‎10-25-2012 02:41 PM

For a refi your not really on a big time crunch. If rates do change it wont be over night....I would focus on getting BOTH your scores up before I would refi

ccpics2.jpg
Message 2 of 2 (212 Views)
 
Reply

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
www.myfico.com is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+