BofA wouldn’t grant a refinance

Re: “Banks step up changes to loans,” Sept. 10:

Having budgeted wisely and paid on time into a longtime mortgage with Bank of America, with whom I refinanced periodically, this year I was turned down in an attempt to save $150 a month because my debt-to-income ratio failed.

Since when is a profitability break-even for two tax years in an established small business a reflection of ability to support a modest mortgage in a good neighborhood for more than a decade while maintaining an excellent credit rating?

Millions like myself languish in the gray zone between security and the cliff’s edge. We played by the rules, and we need help from the Obama administration and the banks now.

Joanne Hedge

Glendale