Just because the first lender does not approve does not mean that the second lender won't — all lenders have their own requirements for approval. (studentdebtwarriors.com)
One alternative is to refinance with another lender by paying off the first lenders, terminating the original lien, and getting a larger secured loan from the second lender. (valuepenguin.com)
A second lender may quote you 5.25 % with $ 2246 in fees, while another lender is offering 5.00 % with $ 4130 in fees. (joemetzler.com)