What to do when refinancing doesn't work

What to do when refinancing doesn't work

There are 4 comments on the South Florida Sun-Sentinel story from Feb 6, 2009, titled What to do when refinancing doesn't work. In it, South Florida Sun-Sentinel reports that:

As 30-year mortgages continue to hover around the 5 percent mark, interest in refinancing has remained high.

Join the discussion below, or Read more at South Florida Sun-Sentinel.


Since: Dec 06

Atlanta, GA / Seattle, WA

#1 Feb 6, 2009
So lets see, with the exception of #5 - not saving money by refinancing, the biggest reasons for not being able to refinance are, in fact, the biggest reasons people would need to refinance ... to save money and to not have their credit affected. Hmmm ... nice system in place for those who are on the brink. And I'm not worried about foreign flippers, I'm worried about people who hit bumps in life like they always have since the mortgage was created. Wonder why the banks keep buying these “troubled assets” and each other? Its because on the other side of this, they will own quite a bit of property and therefore, be in a very nice position. Same thing happened in the 30's. Large banks become mega-banks.

Fort Lauderdale, FL

#2 Feb 6, 2009
Move out of FLORIDA
Oy Vey

Fort Lauderdale, FL

#3 Feb 6, 2009
Jewish lightning.

London, UK

#4 Mar 26, 2014
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