How can my husband and I bring up our credit score to refinance in about 9 months?

Answers:2   |   LastUpdateAt:2012-09-20 05:42:02  

Asked at 2012-08-24 11:15:02
My husband half credit score is 599 and mine is 587. We bought a house in November 2006 . ARM is a 80/20 loan which means our payment will go up in November 2008 . We both have a lot of freight concessions and collections of previous divorces , but we paid a part and are working to pay othres . They have told us that when refinancing only watch the last two years . Is this true ? We have heard so many different stories from lenders and we are really confused . Is it impossible refinace scoring so low. I do not understand is that we have paid the mortgage on time every month and also our car payment , but does not seem to help either. What can we do ? Please notify the two .
Answer1JaimzAnswered at 2012-09-08 22:42:03
Are you taking the credit card balances ? Pay credit cards to less than 30 % of your credit limit . Completely pay is even bettter . This will improve your debt-to- credit limit availble . MedlinePlus MedlinePlus They will look at more than two years . The work on solving those negatives . Start with the most recent and backward . You really should concentrate on clarifying the extent possible. The results are pretty iffy for a new mortgage .
Answer2iewAnswered at 2012-09-20 05:42:02
Hello , MedlinePlus MedlinePlus It is very possible with the credit score . Try to explore different options . Order some useful information and tips for managing the situation . Good Luck !
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