Re-Fi after BK

[Anonymous]

Currently looking to re-fi our home loan as it's at a high interest rate.  We purchased home over 3 years ago with BK.  Currently at 6.625% and with dropping interest rates, it'd be ideal for us to try and do now.  Our BK is due to fall off in May, but TU and EX have already dropped off BK and current CS is sitting at FICO Score 4  TU  765, Fico Score 2 at EX 768. EQ has not removed BK (Fico Score 5 at EQ is 704) and I will try to request an EE, but my question is... Should I wait till EQ removes BK from CR, or can I try to re-fi now? My median score would be 765.

CC:

Citibank $1269/10500

Car payment: $410

Any advice is greatly appreciated.

[JVille]

If it’s going to fall off in May why don’t you just wait it out? I have to say your middle score if it’s a true Mtg Score at 768 is just fine.

[Anonymous]

I think we've been waiting for this for over 3 years. And I guess to be honest, it's the anxiousness of being this close.. and also wanting to ensure locking in a low interest rate.  

[VALoanMaster]

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@Anonymous wrote:

Currently looking to re-fi our home loan as it's at a high interest rate.  We purchased home over 3 years ago with BK.  Currently at 6.625% and with dropping interest rates, it'd be ideal for us to try and do now.  Our BK is due to fall off in May, but TU and EX have already dropped off BK and current CS is sitting at FICO Score 4  TU  765, Fico Score 2 at EX 768. EQ has not removed BK (Fico Score 5 at EQ is 704) and I will try to request an EE, but my question is... Should I wait till EQ removes BK from CR, or can I try to re-fi now? My median score would be 765.

CC:

Citibank $1269/10500

Car payment: $410

Any advice is greatly appreciated.

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What chapter did you file & when was it discharged?

[Anonymous]

Chapter 7. Discharged May 2009

[VALoanMaster]

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@Anonymous wrote:

Chapter 7. Discharged May 2009

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You are well past the minimum requirements for being eligible for a conventional mortgage post bk discharge.

Get your refi done ASAP.

[Anonymous]

It is a jumbo loan. Does that make a difference?