I have a conventional loan LTV at 46% and want to do cash out refinancing. My current loan balance is $172k and want to new loan to be about $230k. House is worth about $370k-$390k. The bad: I just settled my last credit card account that I have charged off, I settled 9 total due to Covid that I had to take paycut but now got everything back to where it was. My income is $80K. My only debts now are my morgages DTI @ 20%. Everything else on my credit profiled reported as settled.
How long do I need to let credit card settlement age before I can apply for refinancing? My credit scores have been improving dramatically but I do not want to waste anyone's time if I cannot get approved.