Due to the rebound of the market I should have approximately $185K in equity in my home.

Due to the rebound of the market I should have approximately $185K in equity in my home.

If your credit score is still mending and your home’s value has been slow to rise, sticking with an FHA refinance may work best for you. if your home has gained value in the past few years of the housing rebound, you may be able to forgo future mortgage insurance payments.

We're a strong market and have weathered the past economic fluctuations with ease.Our economy is strongly supported by defense and science funding and so we were isolated from the rampant foreclosures as the real estate bubble burst.We have had a housing boom and I think our supply was oversaturated in the outlying areas but we're rebounding.  

your in a rebounded market good luck with your endevours

That's great Oscar Macal good way to rebound!

That means, even if your score takes a hit for one or two months, if you have, say a DTI that is at a high 85% because of the properties you've gotten, and the debt you've secured, but over the course of two to three months you significantly reduce that debt, and get to under 30%, your credit scores will rebound and go back up.

Welcome to the site @Marcos Moura glad to see you are on the rebound.

Hey Freddy, Hopefully you live in a part of NC where home prices have been rebounding.  

Unfortunately this area doesn't rebound like other areas of the US.