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In 2009, there will probably be limited opportunity for you to refinance. It depends on the other parts of your financial situation. For example, you can improve your chances greatly by paying off what you owe on any accounts that you have outstanding. Reducing your debt to income ratio below 35% or better will make your situation more attractive to lenders. Also, if you have some equity in the home so that you do not owe more than it is worth will be helpful.

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16y ago

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