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Eve
Lv 6
Eve asked in Politics & GovernmentLaw & Ethics · 1 decade ago

For what reasons would a person not be Able to re-finance their home?

1 Answer

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  • Boots
    Lv 7
    1 decade ago
    Favorite Answer

    Bad credit and no bank wants to give them a loan.

    Bad credit and the only loan you can get has worse terms than your current loan. So you do better to stick with what you have.

    You owe more on the house than the house is worth. Therefore, the bank will not lend you enough money to cover the cost of the original note.

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