I live in mesquite Nevada and currently have a VA mortgage at 375 with quicken loans I owe about 131,000 on a single family home
Owe about 131,000 on a home value about 215,000 I want to refinance and getoney out to pay off 75,000 in credit card debt which I accumulated in helping out a lady friend in Indiana quicken loans says they can't do this until I sell my second home in Evansville in which is on the market my home in mesquite payment is 823 a month and in Evansville 500 per month I have 3100 a month income my credit score has dropped to 650 on account of all this debt is it possible to get refinance under these circumstances by Abramsalan231 from Mesquite, Nevada. Jun 7th 2014
Michael Marroquin (vegaslender)
#43 ranked lender in Nevada - 2 contributions
It sounds like your DTI is going to be your main stumbling block with 2 mortgages. You may want to seek some advice about your credit card debt before adding it to your home mortgage. You can take a look at general guidelines of different loan programs here: http://vegaslender.net/mortgage-info/.
Nathan Kessler (nathan.kessler@guaranteedrate.com)
#44 ranked lender in Nevada - 81 contributions
You have some moving parts on this, but I believe that this is workable. If you call me today, I would be more than happy to review all of your options with you. I look forward to hearing from you. Nathan Kessler 702-683-3126 City First Mortgage Services
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