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I am a hard working American lived here all my life and just tried to refinance my mortgage and what a mess banks are. I talked with 4 banks on the phone to refi but each one denied my application. I have good equity about $50,000 but since I have ongoing work in the house they said I have to finish it before they give the loan? I never had this type of problem with the other 2 refi's in the past. Now it seems banks are only giving out loans to those of us who have the money as collateral. They also said they can't give the loan because my debts are a little high. I have been in the house by myself for 8 years paying everything myself and they said I am a risk? I am so mad at banks and I am hoping some of them go right out of business and I will still be in my house.