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average credit score to refinance

Discussion in 'Credit Talk' started by szccdw, Jun 26, 2003.

  1. Jun 26, 2003 #1
    szccdw

    szccdw Active Member

    I am currently showing a 585 score with EQ and wanted to know if anyone knew if this was acceptable for most mortgage companies if you wanted to refinance? I don't want to waste my time or put another inquiry (currently there are 9 in the last 12 months) on my cr if I don't have to.
     
  3. Jun 26, 2003 #2
    wert

    wert Well-Known Member

    you can do it with that, but if you can get to 620, you'll get a lot better rate!
     
  4. Jun 26, 2003 #3
    e557373

    e557373 Well-Known Member

    Doesn't it also matter what's on the report at 620?

    I thought a 620 due to a short history and maybe a late payment or two was different from a 620 due to double digit 30/60/90/120 day lates, chargeoffs, etc.

    Is this right, or is a 620 a 620 with the exception that you have to pay any outstanding chargeoffs?

    Later!
     

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