+1 vote
Have crippling debt.  Need equity to pay off and close credit card accounts.  Current DTI is high due to credit card payments. Which lenders are out there that may be interested in my specific type of application.
asked Mar 19, 2018 in Refinancing by anonymous

1 Answer

0 votes
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.

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answered Mar 19, 2018 by GustanCho (106,540 points)
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