Re: Refinance help?
02-01-2013 12:57 PM
I do want others to respond but IMO I think that you may have to wait for refinancing. Your score has improved quite a bit and I commend you for that but I don't think your score is at a point where you will get a much better rate. You may get a better rate then you have now, but it will probably be somewhere in the lower double digits. This applies also for trading in your vehicle as well but you will likely have negative equity rolled into the new loan that will wipe away any savings from the lower interest rate.
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! Last App: 4/5/13 Gardening until July 2014