My DTI is 48%, could I be approved for cash out refinance with my situation...

Credit card balance- 4300outstanding loan- $3000car payment $482 per monthmortgage- $1298 per month fico is 740, been with current employer for a year (same profession and pay structure for 6 years) doing a cash out refinance would lower my monthly mortgage payment by $100.00 per month and pay off the credit card and loan would then bring my DTI to around 34%. The trick is, could I get approved for a cash out refinance with my current high DTI?!  Oh and i have about $11,000 cash on hand in my personal checking account. Its going to drive me crazy if the loan officer says "sorry but your DTI is too high" ofcourse it is now! But it wont be if you approve this cash out refinance! Lol

If you are paying off the debt through the cash out refi, the debt doesn't count against your DTI. If you are just taking cash to "pay it off", it will count. 

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