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Hello, refinancing in progress... made a couple of oopsies, but will it matter?

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astralentity
Established Member

Hello, refinancing in progress... made a couple of oopsies, but will it matter?

Hello all.  I'm in the middle of a refinance, and I have a few questions as I'm freaking about the closing.

 

I, for some stupid reason, opened up two new credit cards around the time I did the appication.  (I know, stupid stupid stupid).  I did disclose this to my lender (my FCU who also hold my existing).  I was about to sweat silver bullets on this, hoping they weren't going to automatically cancel the process, HOWEVER......

 

I believe with the two new TLs, using the new proposed payment in the DTI calculation,  I believe I came up with:

 

$438 proposed NEW payment

$185 existing car loan

$25x3 (one old CC, two new CCs)

=$698/$4000 monthly gross

=17.45%

 

If I add the existing payment of $613, my current DTI is 21.8%

 

Should I have anything to worry about?  Like I said I disclosed the new TLs and the CLI on my BofA TL (the oldest one) with a signed LOE.  Will they cancel it even though my back end DTI is below the threshold?  My front end isn't that much different.

 

Oh, the joys of trying to get off better financially.

 

BOfA: $3000; Chase Freedom: $1500; Discover it: $1400
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