Can I refinance?
I have great credit, always pay on time, currently on a ten year adjustable. It will re adjust in about 5 years. I want to refinance now so that I can lock in todays low rates. Problem is that I have alot of debt in my name. How big of a factor is this going to be? How much is too much?+ by ricky523567 from Irvine, California. Sep 10th 2010
Crestico Funding (CresticoFunding)
#316 ranked lender in California - 340 contributions
Ricky, As long as your Debt to Income Ratio is not higher than 45 to 47% we can help you with your refinance transaction if your property is located in California. Call or email me for more information. Houtan.Hormozian@Crestico.com or 949 242 5215, easiest way to calculate your Debt to Income is to add up all your minimum monthly liabilities and divide that by your gross monthly income.
Rudi Hofmann (CaPortfolioLoans)
#281 ranked lender in California - 380 contributions
Ricky,I'm in Tustin. If your Debt-to-Income is over 50% using your minimum payment due, there are ways to restructure debt that may not be that costly. If not, we have portfolio lenders that will go up to 60% DTI. If you are current on all of your payments, with a good credit score, I probably can help you. ... Happy funding, Rudi
Matt Davis (Matt Davis)
#151 ranked lender in California - 52 contributions
Hi Ricky,WHen you say debt in your name, does that mean someone else is making the payments?Best,MattPier West Capital
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