I dont understand it, but there is more than 1 way to skin a cat, as they say. 

Although I was looking at that dashingly handsome photo and man, you need to lay off the Frost Glacier Gatorade - it's doing some funny things to your skin color! 

It will depend on what the property appraises for in order to truly know how much the loan amount will be for the refinance - however, most lenders like to see that you have some skin in the game so leaving some equity in there is not a bad idea

Get your financial house in order, save up, and put some skin in the game.

Little irritated this happened but trying to be positive.

They'll want to see that you have significant skin in the game. 

In this case, he or she no longer has any skin in the game.

The clients have no skin in the game, not even a deposit.  

I'm saying this as a caution to those who think subprime caused everything - in reality, subprime was the catalyst (ie, COVID today) and as the equity disappeared, people defaulted in droves, as soon as it became Socially Acceptable to do so.COVID essentially just gave everyone a free pass to default, and not be embarrassed. 4th qtr 2021 is the concensus, among those I still talk to regularly in the Default Servicing space(I used to own a mortgage lender/servicer company, back in2007, got out with my skin but barely.

If my property is going to suffer the wear and tear of a parade of boarders, why shouldn't I get the profit instead of you, who owns nothing and has no financial skin in the game?