Can I refinance my $220,000 with a FICO score of 720?

If your Loan to Property Value does not exceed 105% and your debt to income ratio dose not exceed 50% you should be able to refinance pretty easily.

Hi Freddy, you certainly can. How did you purchase your home in the beginning, FHA or Conventional? FHA requires 620 credit scores and Conventional requires 680 so you are above the average. My email address is kathywoolam@aol.com. Please feel free to contact me on that or my office number is 956-412-6800. I have kids in Austin...we love going to visit.Kathy

Good afternoon Freddy. You should be able to refinance with that credit score no problem. The other things the lender will look at is your income and employment and the home being used as collateral. A no cost and no obligation review will assist you in making sure you qualify. Make sure you work with someone in TX as many out of state lenders also do not understand TX Home Equity laws and cost you much frustration and money in their ignorance. Please feel free to utilize me as a resource if I may be of service. Have a great day and I hope you get what you need. Brad Cahoone NMLS ID 184176 - 972-724-3222 - bcahoone@globalhomefinance.com - Apply Online: globalhomefinance.com/apply.php

Yes... contact a local mortgage broker, not a bank and apply with them.. They have access to numerous lenders and can find the best pricing and lowest costs to make your refinance even better.. WilliamAcres.com

Yes. Your rate will depend on your lon to value ratio

Simply stated, yes, but there are many more factors that need to be considered. Loan To Value, Debt servicing ratios, Are you thinking HARP or HARP 2.0?My advice is to contact a local Mortgage Banker/Broker, rather than one of the big banks. Unlike a bank employee, who is most likely just an order taker, a Mortgage Broker/Banker is Trained, Tested and Licensed in all aspects of Mortgage Origination. He/She will have access to loan products of many lenders, not just those of one bank, and can properly guide you. But more importantly, He/She is trained to take a look at the various different options available to you and guide you into the one that makes the best sense for your situation. Don't forget to check out your selected Mortgage Originator at the National Mortgage Licensing System at www.NMLSConsumerAccess.org ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com

Based on your FICO score, you could credit qualify for several loan programs. But credit qualifying is only one slim aspect of the approval process. Make sure to reach out to a local MLO to help you with your specific refinance needs...especially if this is a cash-out refinance.