Posted by JoeS on April 18, 2002 at 22:42:18:
I had a similiar experience. The person who was trying to refi had 4 credit lines maxed out, DUH! The credit lines were used to buy the property he was trying to refi! Sometimes loan officers at banks can be terribly stupid. Go find a GOOD and reputable mortgage broker who specializes in these types of deals. There are many out there, you have to search.