Established Contributor
Posts: 560
Registered: ‎09-29-2012
Re: Auto Refinance Smart?

Shogun wrote:

If your score can handle it, yes, and this is why.  The lower payments will help your DTI, the lower interest rates will help your checkbook.  It's not a new account, it's a refinance.  If it gets flagged in UW, you would just have to explain this.

The Refiance of OPs Auto Loan WILL be a new TL.