Bills.com Blog > Other Questions > Debt-to-Income Ratio and Refinancing
Friday, Oct 30, 2009
Question: We are trying to get a home equity loan to consoladate some credit cards and try to free up our monthly cash. We pay our bills on time are not deliquent, but our debt to income is too high for anyone to approve us, yet we have equity in our home, and are trying to make it easier to live, is there anyone that would give us a loan to consolidate?
Answer: I cannot say for certain if there is a company that would be willing to refinance your home because you have not provided me with enough information about your situation. If you have tried multiple and reputable lenders, yet you keep getting the same result chances are that most lenders will not doAlso, make sure to get a free financial health check-up with Bills IQ!
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