Frequent Contributor
Posts: 484
Registered: ‎03-23-2012
Re: cisco credit
I had to get a new car in the middle of my FHA streamline refinance. I discussed it with my LO and she told me I would be fine as long as it didn't mess up my DTI. When UW did an updated CR, they asked me to provide a LOE stating why I purchased it and asked me to provide the loan docs proving my note was the same amount listed on CR. I provided the info, and we closed.

YMMV, of course. So, I recommend you speak to a mortgage professional before you purchase.
Capital One Platinum 0/2.5K - AmEx Green NPSL - Amex Hilton HHonors Surpass 0/7K - Amex BCP 0/8.5K - Chase Freedom 0/3K - Discover IT 0/6.5K - LOC 0/2.5K