I pulled my fico scores from Myfico.com and this is what I have Experian 645 Transunion 643 Equifax 663 Have a BK that comes off in 10/2006 and two charge offs/included in bk that come off 9/2003. I have a home loan at 7.5% with a balance 207,000. I have had this house for 14 months with no lates. the house was appraised last year for 255,000. I have done alot of improvements to the house and houses in the area are selling for 310,000. and up. I would like to refiance the house and get a equity line of credit of about 40K to 50K. Do you think I can do it with these scores? do you think I should go with someone like ditech? Please help! Thanks George
I think you should be able to refinance with those scores and get a lower rate. However, in order to get the best answer, simply call lenders that you're interested in, give them your scores (without them pulling it), and they should be able to give you a rough estimate on what you should expect. That's pretty much what I did when I was refinancing, and I got the rate the guy estimated before they actually pulled my credit.
