The house that my wife and I currently own is under her and her fathers name because of how poor my credit used to be. My credit has improved drastically and want to refinance to take her dads name off of the mortgage and put my name on it. My concern is the number of recent inquiries and open accounts from my end. Let me know what you guys think about approval odds. Thanks! Here is some current data:
Mine EX: 726 Hers EX: 712
TU: 737 TU: 710
EQ: 732 EQ: 725
No derogs 1 Medical collection for $450 from 8/2013
AAoA: 2 years 11 months AAoA: 6 years 8 months
Oldest: 12 years 4 months Oldest: 14 years 5 months
8 recent inquiries 1 Recent inquiry
12 open accounts (8 opened since Jan. 2019) 1 open account 7/2019
Utilization: 1% Utilization: 1%
Combined Income: $143,000
Original Home Purchase Price: $244,900
Current Owed: $219,988
Current Appraisal $299,400
If there's any other information you think is needed just let me know and I can provide it. THANKS AGAIN
Don't see any problems there, maybe the UW asks for LOE for the recent accounts but you also have 1% util- no worries there. App away
