We want to refi our conventional mortgage, but have a DTI of around 48%. We owe less than what the home is worth,

Without seeing all the details of the transaction it is difficult to determine why. If you were declined the lender has to send you written not with an explanation for the decline.There may be other options available to you other than a straight refinance. If things are as you I can do this deal for you. Your ratios are within our guidelines and your scores are certainly top tier so on the surface you should be good.Give me a call at 484-331-2436 and I will be happy to get some more information from you and give you a more precise answer.You can also contact me via my e-mail at LHarvey@annie-mac.com.

Banks do take into account your assests just like they do everything else, your DTI is pretty high though and in order to qualify for the best rates you must have the good credit, acceptable LTV, stable employment history and good DTI ratios. Your DTI needs to be in the 30%-43% range to get a good rate for your refinance. You might find another lender who is willing to go higher on DTI but their fees and rate will probably be adjusted higher to compensate for that. Go to the "Find a lender" tab at the top and find a LOCAL mortgage broker and call them to see what options are avaiable to you with a DTI tht high. It might be that you need to pay down those revolving debts in order to qualify. Hope this helps.

You just went to a lender who has an max DTI of 45% or under. There are other lenders that will write your loan. Don't be discouraged, you can refi. Call your local mortgage broker.

I'm a bit confused.. Unless there is something you're not sharing, I would think your file would go through without a hitch.. 48%, although high, is within the conforming range for most lenders as well as Fannie/Freddie... I'm going to guess you're using a Bank rather than a mortgage broker.. The best advice I can give you is to contact a LOCAL mortgage broker, not the local "Big" bank, and certainly not one of those 50 states internet lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

The problem for you is that your DTI is above 45% and that is typically the max that the Automated underwriting systems are giving an approval at. Yes some banks will take your assets into consideration. These banks are holding your loans in their own portfolio of loans and you will typically pay a higher interest rate than that of some one that can sell your loan to the seconary market and or pool it with other loans to be sold.