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Auto Loan Refi

cateye
New Visitor

Auto Loan Refi

I am thinking of refi. my auto loan and I have a year to go at 12%. All my credit score low 700's to mid 700's. I am also contemplating on purchasing a home early next year. Pls. share your thoughts if it's worth it to refi at this time to get a lower rate and will I see a big drop in my credit scrores. Thank so much!!!!  
Message 1 of 2
1 REPLY 1
slyhouse08
Valued Contributor

Re: Auto Loan Refi

Depends on you payment...if you car will cause you to have high DTI....when it's time for the home loan...I would refi now...with the same amount of time you ave left...to lower the DTI...if not...finish paying...the last year...
Message 2 of 2
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