I have a credit score of 804 combined with my wife’s. We have made house payments for 11 years like clockwork without ever being late. We were denied another attempt to refinance because we didn’t have $8000 in the bank for the entire 2 months until closing. WTF!?
If I am having this much trouble on a refinance with about 25 percent equity, then nobody is getting loans anymore. I have never been turned down for not having 2X the estimated closing cost in savings before. Good god!!