Mortgage Loans

[jwpezd]

This sucks.... Do you think I should refi the car or try to pay down cards and rescore??

[tooleman694]

The car refi will lower your score, but get your DTI in check.

The paying off the cards will raise your score.

I would go with the cards.

[jwpezd]

This is so damn frustrating. The credit union only PULLS THROUGH TU when refinancing. That's my highest score. How much can I expect to drop?

[tooleman694]

it all depends on your profile, but my scores are in your range and dropped about 5 points when I bought my car over the summer.

[jwpezd]

I'm about ready to just walk away from this.

[custombusa]

i thought that usda mid fico only needed to be 640. Did they change this. Ill be applying in july. thanks

[JM-AM]

Mid score is Lender dependent.

[tooleman694]

But I thought it was USDA guidelines to have a 660 to get a waiter for ratios.

[jwpezd]

My scores are fine. 640 is the common spot for approval my problem is DTI. Anybody with any advice on what to do from here. I hear back from underwriting today or tomorrow. I am assuming its going to come back denied assuming my math is right. I can't believe a half percent is a deal breaker. That's like twenty dollars to much in payment.

[JM-AM]

No guarantee a denial. Look for the brighter side possibly a conditional approval if bring DTI down for full approval.