As a result, many lenders are reluctant to refinance a PMI mortgage. It can be more expensive to refinance a jumbo loan due to the closing costs. Its purpose was to refinance home mortgages currently in default to prevent foreclosure. A borrower can not refinance its entire existing rupee loan through ECB. Ditech offers a range of home loan and refinance options. The new HOLC was to administer a national program to help homeowners refinance their mortgages. It offers users the ability to compare and refinance loans. Households became dependent on being able to refinance their mortgages. The sudden cash shortage forced the company to refinance its debts. The Argentine government met severe challenges trying to refinance the debt. However, the sanctions limited Citgo's ability to refinance debt. The Argentine government met severe challenges trying to refinance its debt, however. This was compounded by the IMF's decision to refuse to refinance Argentina's debt. Lonmin's capacity to refinance its debt was also questioned. If rates go down, many home owners will refinance at a lower rate.