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Only few will be able to refinance once the recession hits and job losses start to percolate through the economy.
Prime ARMs defaults and credit card defaults will be the next two crisis.
Refinancing: Only for the privileged few Sure, now is a great time to refinance – that is, if you can still qualify. Here is what lenders are looking for. By Les Christie, CNNMoney.com staff writer February 8 2008: 10:58 AM EST http://money.cnn.com/2008/02/08/real_estate/who_can_refi/index.htm?postversion=2008020810
