Established Contributor
thankfulheart
Posts: 619
Registered: ‎09-26-2011
Re: (Hopefully) My Journey to Homeownership

What a difference a day makes!  Walked into my CU this morning and walked out with a personal loan to pay off the balance of the mortgage on the marital home at the same interest rate, but  a longer term, bringing me under the backend ratio!  I will also now be able to exclude the tax/insurance on that house since I will no longer be on it.  Woo-hoo!  AND, using the same inquiry, the CU gave me a CLI on my Visa and lowered my APR!! Double woo-hoo!  They had given it to me back when I was still in the high 500s at a $500 CL and they bumped me to $3,000 today.  I'm still stunned.  My LO is thrilled as is the UW. Said I "did good".

 

So, it looks like we are still on track for a mid-July ground-breaking and an ontime, late September close.  My stomach is much happier today.

Starting Score: 10/1/2011 EQ 568 TU 593
Current Score: EQ 664 TU 700 EX 701 (FAKO)