The credit cards that you are paying off and closing should not be counted on debt to income ratios. If you are doing a cash-out refinance on FHA Loan, you can get 85% LTV cash-out with max 56.9% DTI. On CONVENTIONAL Loans, 50% DTI is max on 80% LTV.
Gustan Cho NMLS 873293
A Division of DAS ACQUISITION COMPANY NMLS 227262
The Gustan Cho Team at USA MORTGAGE