Jumbo loan few months after a refinance
Me and my wife recently got our home refinanced a few months back. And we are thinking about putting an offer on another house for which we will have to take another mortgage. Our new lender has assured us that our recent refinance will not have any negative impact on the new closing. We already have pre-underwriter approval for the mortgage. Is it worth waving off financing contingency from our offer? I am a little worried that our recent refinance might become an obstacle later. But we probably won't win the offer with this contingency. #mortgage #housing #zillow #loandepot #caliberhomeloans #finance
It will affect your credit score. What is it now?
It dipped from 800 to 750 after refinance. But the new lender has assured that me and my wife are in excellent finance condition and should be ok waiving financing contingency on the offer
Most lenders look 760+, your interest will be bit higher
I wouldnt (but then again, I have never purchased homes in such a competitive environment....)
Do you mind sharing how long have you been a home owner?
15 years in current house