Advice needed - Cash out refi or HELOCMy wife and I short sold our house in November 2012. We moved into a house that was purchased in August 2013 by my mother-in-law and my brother who is a "non-occupant co-owner". The mortgage is paid from our checking account. In February 2014, the Title of the house was Quit Claimed from my brother to my wife and me. So currently, the mortgage is owned by my mother-in-law and brother yet the Title is in my name, my wife's name and my mother-in-law's name.My FICO score is 670My wife's FICO score is 660Debt to Income Ratio is 30%Credit card balance is $70,000Credit utilization is 60%Purchase price of house in 2012 was $220,000Mortgage balance is $157,000Value of house according to Zillow is $434,000I have worked for the same company for 17 years and make approximately $90,000 per year not including bonus. I also have a seasonal job as a tax preparer and earn about $4,500 per year in that position. My wife works part time and makes about $20,000 per year. Between now and November we will continue to aggressively pay down our debts so our numbers should improve.Would we qualify for a cash out refi or HELOC come November?June 28 - Johnsburg0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.