CoBird asked:
I bought a car almost a year ago, my mother cosigned for me, and I am wondering if it is even worth it for me to try to refinance so it’s only under my name. With the economy the way it is and all I have been hearing about banks tightening their guidelines, I don’t want to risk hard pulls on my report for no reason.
I bought a car almost a year ago, my mother cosigned for me, and I am wondering if it is even worth it for me to try to refinance so it’s only under my name. With the economy the way it is and all I have been hearing about banks tightening their guidelines, I don’t want to risk hard pulls on my report for no reason.
I’ve been making payments for 11mos now and have always been on time and above the minimum. The rate as of now is 8.9% and my credit report is in better shape than it was when I first took out the loan.
Hopefully someone who works as a loan officer/processor can help me out!
Thanks!
Terri
