Home loan blues: Refinancing isn't so easy

By Jacob Gaffney
• November 10, 2010 • 10:01am

Mortgage rates are at all-time lows. Rates range from 4 percent to 4.5 percent for some borrowers.

It's a great time to refinance — if you can.

Many homeowners who would love to lower their mortgage payment don't qualify. And many who do are discovering that getting a new loan isn't as easy as it used to be.