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tishtoshnm

And more refi questions...

We have a 1st and 2nd mortgage with Wells Fargo. We contacted them about refinancing but since we had obtained our original loan, my income has dropped, considerably, thereby skewing the debt to income ratios. To fix the ratio we either need more income or less debt.

Since the 2 go hand in hand, I have now returned to full time hours. How long should I realistically wait to approach the question again. I have worked at the same company for 6 years at varying hours. Will just 2 paystubs be enough? Does anyone have a crystal ball or an educated guess on how long these rates might remain low. We currently have 6.375 and yesterday were quoted 5 1/8 which would have saved us $233 a month on the first mortgage alone. Thanks for any time.

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