Blogsberger's Box

Key quote :)  - "Don’t leap out of your seat and accost the first appraiser you run into. It’s not their fault."

Here's the article.

Actually, the key idea in the article about the frustrating position of having good credit but not enough equity to refinance, is expressed in her paragraph near the end of the article:

"And then there is the glaring error of logic along the Potomac. If our hypothetical borrower already carries a low debt-to-income ratio, incredible credit, a great job and is able to pay her current $1,463 monthly payment, how can the government end up with a worse loan if she decreases her payment by almost $300 through a simple refinance? Obviously, she and the government will find themselves in a better situation, and Fannie and Freddie will reduce their loss exposure as her debt burden declines."