Expert, localized Los Angeles answers provided by Heather Roy

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Good Credit

  have good credit but debt to income ratio not good---paying out more than income. 12 inquiries in lastyear. too many high balances on open accounts. in good standing with present morgage company. Do you think the present morgage company would consider another type of loan?
 
  Only one way to find out -- ask them.  On the one hand, lenders are tightening up their standards in the wake of today's credit crisis.  On the other hand, they should be interested in keeping you out of trouble, and if a refinance could help your precarious situation, perhaps something can be done.  Let me know what happens; I'm interested.
    Edith
Originally published on September 24, 2007
 
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