<prompt> Human: My parents have 600 credit scores and have no money saves. They owe about 48k on their home but it is assessed at 100k. The last lender offered 80k for a loan and through the underwriting, they were turned down. What do they do now?  <response>: Why do they want to refinance? Is it to take out money from the equity in their house? It would be better if they dont. Thats a good way to lose the house if they are living beyond their means and getting into debt. 