Good Evening Community,
Looking for some advice. I am thinking about refinancing my house, currently, 4.50% taking advantage of the low rates. My wife and I have been discharged for Chapter 13 bankruptcy as of May 2020. It will be off our report in 6 months. We have been on our rebuild journey with my activity listed below. So it boils down to this do I try now or wait for 6 months? Do I risk rates rising?
Here is my back story
Chapter 13 discharged May 2020
Credit Cards: Overall utilization is 5%- All paid on time
- Heartland Credit Union (HCU) - $389/$2500- 1yr old
- Discover- $312/$1500- 1yr, 1 mos old
- Comenity MC- $422/$9400- 1yr, 1 mos old
- AMEX BCE- $115/$1800- 9 mos.
- QuickSilver- $49/$600- 1yr, 1 mos old
- Mercury- $248/$3000- 3 mos. old
- Dell- $0/$3500- 1yr old.
- PCI- $0/$10000- 6 mos. old
Auto Loan
- Capital One Auto: $22955/$24919- 5 mos. old
Student Loans:
- US Dept. of Education: $10234
Home Loan
- M&T Bank $132,730 10yrs, 8 mos old
FICO 8 Scores: As of 6/13/2021
- EQ: 701- (6) accounts incl. in Ch. 13 falls off in Dec.
- TU-: 742- EE removed bankruptcy record(1) 30-day car loan. Paid off in Ch. 13
- EX: 690- (5) accounts incl. in Ch. 13 fall out in Dec.
Inquiries- Last 12 months
