People need to understand the market they are in first off. Secondly, if you cannot afford a mortgage, do not get one. Thirdly, people think that the mortgage industry is full of crooks. Some are. Most are not. The problem is the uneducated client who thinks that they deserve their mortgage for free and are entitled to dictate how and when they should get money for their home. It's tragic. Be realistic, YOU know what homes appraise for in your neighborhood. You also sign A FULL LOAN DISCLOSURE, which dictates everything regarding your mortgage. Do your due diligence. Next, understand that if I were to come into your chosen profession, for instance, a mechanic and say "rebuild my engine" and then decided 2 weeks later after giving you a $300 deposit, that "ehhh, nevermind" you are not going to refund my money either due to the work you did. No one is entitled to anything for free. This is a America, we all work for a living. Lastly, if you don't want to do a refinance, then don't, stop playing the victim though and educate yourself, and stop feeling like you deserve something from the lending industry as a whole.