A little known tool called a "rescission" can be a consumer's best friend when trying to renegotiate with a lender.   A Truth In Lending Act loophole is starting to gather momentum, helping borrowers wiggle out of tough situations. 

If your loan is a refinance loan on a primary residence made within the past three years you may want to pay close attention here. 

If your lender did not dot his "I's" and crossed his "T's", you may be able to find a snafu and upend your loan.  It can be as small of a mistake as a $ 35 dollar difference between the preliminary and final loan documents, or a fraction of a point difference in the APR, or even something like the lender not giving you two copies of a document informing you of your right to cancel the loan for up to three days.

I'm providing the link to the Wall Street Journal article that describes this loophole in detail.  Here it is: 

http://online.wsj.com/article/SB119827613663245847.html?mod=todays_us_money_and_investing

Good luck!

Your Myrtle Beach Real Estate Connection, Mirela Monte

http://www.myrtlebeachhomes.us/