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re: Help needed, I recently got turned down on a refinance loan for my home

Posted on 4/21/12 at 6:58 pm to
Posted by 318Tiger Fan
Shreveport
Member since Sep 2007
1859 posts
Posted on 4/21/12 at 6:58 pm to
So basically I didnt get the loan because i dont live in a "cookie cutter house" in a multi home subdivision that has had multiple sale within the last year? That sounds crazy to me, esp since I have 50% equity in my home. I would think that would be a good deal for the bank. If I default on my loan, they could make double their money.

Do you think I will have this problem with other banks as well? Am I screwed, I know im confused as hell
Posted by MikeDaTiger23
Lake Charles
Member since Feb 2009
726 posts
Posted on 4/21/12 at 9:18 pm to
What is your current rate and what rate do u expect to refinance at? how long?
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