Foreclosure

Avoid Foreclosure
- Communicate with your Lender
- Work with the Making Home Affordable Program
Foreclosure Scams
Mortgage Refinancing
- Mortgage Refinancing

Mortgage Refinancing

Mortgage refinancing means securing a new mortgage on new terms and paying off the existing mortgage. There are many reasons for getting mortgage refinancing including possible lower interest rates, changing the type of mortgage, lower monthly payment, or cashing out equity.

Learn more about mortgage refinancing by going through these resources below.

You can go through the consumer’s guide on mortgage refinancing to look for an introduction to mortgage refinancing such as terms used in this industry, useful worksheets, and other things to assist you in deciding if mortgage refinancing is right for you or not.
What are the different kinds of mortgages and which one should you choose? Get to know different mortgage types and the settlement process in shopping for your home loan: Settlement cost booklet.
Veterans can refinance their existing mortgage by using Interest Rate Reduction Refinancing Loan (IRRRL).