There has been a lot of news recently about people losing their homes to foreclosure because the interest rate on their mortgage changed, and they could no longer afford the monthly payment. Don’t let that happen to you.
If you are considering refinancing your home, contact one of the HUD-approved Housing counseling services. Don’t respond to letters or phone calls asking if you want to refinance–that’s almost always a bad idea. You need to be in charge of this process and make the contact yourself.
Generally, banks offer the best mortgage products. For many people, the best way to manage your mortgage and protect your home is to have a “Fixed Rate Mortgage”, not an “Adjustable Rate Mortgage” (also called “ARM”).
Please use the Contact Us form for private answers to your questions on refinancing your home.