Refinancing the car can help, but there are other ways to help you qualify for the house you want as well.
We need to review the x-ray and lab work, the loan application and current Mortgage Credit report.
Since you already applied, ask the lending source to send you these 3 things:
1. 1003 application
2. copy of your Mortgage Credit Report
3. 1008 Transmittal Summary
Forward these to me at: Steve@pro-option.com so I can advise
Pro Option Mortgage/ Florida
Ph: 888 662 4404
Keller Williams Realty Partners SW
Neighbor Next Door
Buying a home through HUD's Good Neighbor Next Door initiative is designed to encourage renewal of revitalization areas by providing an opportunity for law enforcement officers, firefighters, emergency medical technicians and teachers to purchase homes in these communities. HUD provides a substantial incentive in the form of a 50% discount off the list price of eligible properties.
Call me for more Infromation
With 20% down, you can go up to 60% DTI in a non FHA loan
These two programs may be able to help you puchase now, while rates are low and before prices go up.
Contact me for more info: http://www.pro-option.com
If you want to can call me or e-mail me.
I am a Realtor and a Loan originator.
Andrew Muller LOAN ORIGINATOR NMLS#384950
REALTOR ASSOCIATE LIC# 0604762
AMuller@bestbeach.net or firstname.lastname@example.org
e- FAX: 305.403.3535