Should this hurt my refi?
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| Thu, 09-08-2005 - 1:37pm |
We are planning to refi our first mortgage (7.375% fixed for 30 years) and our 2nd mortgage (10% fixed for 20 years) into a single loan, at 4-7/8%, fixed, for only 15 years.
We have never missed a payment on anything, and our credit looks good. BUT...we did just buy a car last month, which had us taking on payments, AND...due to me not recording two receipts in my checkbook last month, my bank had to take $100 from my overdraft account and move it to my checking account, which I paid back a week later, once I found out.
The new car payment would show on our credit report, and the overdraft transfer would show on our bank statements that the mortgage company will likely want to see. Will either of these hurt us? I am trying to be positive and consider that at least we had the overdraft protection there, rather than having anything bounce.
All this money stuff just makes me jittery when there's a big change coming. LOL! Thankfully, once it's all said and done, we should be saving a little bit of money and have a shorter loan term to boot. It's just the loan process that I don't care for much. LOL!
Thanks!
| Fri, 09-09-2005 - 10:37am |
