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Appreciation post: a loan officer in Boise pointed out my debt-to-income ratio was off by 4 points and it changed my whole refi
I spent two weeks getting denied on a refi and could not figure out why, until a guy at a small credit union in Boise walked me through how they count a HELOC I co-signed for my brother back in 2021. Turns out they factor the full credit line, not just the balance, so my DTI was sitting at 47 percent instead of the 43 I thought. Anyone else get blindsided by how co-signed debt gets counted on a refi?
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kelly2585d ago
Wow, so co-signing is basically a trap that never lets go.
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