Posted on: 10th May, 2009 05:46 pm
i want to refi, but my fico score is just points below the appropriate level. i auto pay everything am employed by a federal bank so layoffs are not likely. aside from working my fico score can anyone provide some advice my fico is a bit on the low side becuz CA overpaid my unemployment many years ago i gave them a credit card to pay and they never charged it... it's painful.
can anyone help?
can anyone help?
hi lacostacastle!
welcome to forums!
as your income and job are stable, you will have to improve your credit score to get a refinance. if you are looking for a conventional loan to refinance, then you would require a credit score of 700-720 where as to get a fha loan, you would require a score of 620.
you can check out the given page to know some simple steps to improve your credit score:
http://www.mortgagefit.com/credit-rating/credit-repair.html
feel free to ask if you have further queries.
sussane
welcome to forums!
as your income and job are stable, you will have to improve your credit score to get a refinance. if you are looking for a conventional loan to refinance, then you would require a credit score of 700-720 where as to get a fha loan, you would require a score of 620.
you can check out the given page to know some simple steps to improve your credit score:
http://www.mortgagefit.com/credit-rating/credit-repair.html
feel free to ask if you have further queries.
sussane
i don't get the unemployment reference, but that's okay...i'm sure it had some effect on your credit.
i think the best bet is to wait out your scores - hit the 620 threshold and you'll have refinancing opportunities.
i think the best bet is to wait out your scores - hit the 620 threshold and you'll have refinancing opportunities.
