In this economy,would it be easier to refinance home mortgage rate?
Question by [katy]: In this economy,would it be easier to refinance home mortgage rate?
since alot of ppl is giving up their house,then wouldn’t it be easier to refinance home mortgage???
Best answer:
Answer by bud68
No. Refi conditions and and requirements have greatly tightened.
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they always had that chance. The problem is they are under water so to speak and have no equity in the home and no savings to make it happen