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Eve
Lv 6
Eve asked in Business & FinanceRenting & Real Estate · 1 decade ago

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

3 Answers

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  • glenn
    Lv 7
    1 decade ago
    Favorite Answer

    No longer have a job. No longer live there and it is owner occupied loan. Home has gone way down in value and no longer worth as much as the loan is. Home is in very bad shape. Home can no longer be insured (near New Orleans some homes can not get insurance for fear of storms).

    Bad credit. How many reasons do you want?

  • Anonymous
    1 decade ago

    low equity in the home

    insufficeint income

    insufficient credit

    home value decrease

    too much other debt

  • Ed Atun
    Lv 7
    1 decade ago

    They lost their job.

    They house is worth less than their current mortgage..

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