I owe 205,000.00 on my mortgage the home is appraise at around 385,000. I would like to refinance and take $70,000 out to buy my wife out.

My FICO score is in the mid 700ers an annual income of over 100,000. Is it possible need to have this done within the next three months.

Asked by Cecilio

2 Answers

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Answered by Justin Clark, Mortgage Broker in Moreno Valley, CA
Ok, Have you contacted a lender yet? That would be your first step. Where are you located? | 12.22.15 @ 19:08
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Cecilio — I'm located in Shawnee Kansas, no I haven't contacted a lender yet. I'm asking the the question to see what are my chances of a positive results. | 12.23.15 @ 15:54
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$commenter.renderDisplayableName() — {comment} | 12.06.16 @ 10:30
Answered by Caroline Gerardo, C G Barbeau in Newport Beach, CA
$1781 is my guess on your total Payment with taxes and insurance no HOA. If you are making $8300 a month that ratio is 21 percent, leaving plenty room for bills to go to 45 maximum debts. Happy to help you, sounds like you are going through a divorce, I am so sorry. Try and make it peaceful to avoid big legal fees | 12.22.15 @ 20:13
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$commenter.renderDisplayableName() — {comment} | 12.06.16 @ 10:30
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Answered by

Justin Clark
Justin Clark, Mortgage Broker in Moreno Valley, CA

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