Be Proactive - Refinance a Home Loan
When life is unkind and you start to have trouble in paying off your mortgage, do not feel ashamed, but seek help at the earliest possible opportunity. Creditors will be more likely to want to help you then.
If you are having problems paying off your home loan then do not bury your head in the sand about it, but be proactive in finding a solution. The longer you leave it before addressing the problem the more likely you are to be unable to find any satisfactory solution. You could easily end up losing your house and all the money you have paid thus far. One solution is to refinance the home loan.
This can be particularly effective if you have run up debt on your credit card at really high interest and have other debts that you are paying off. Consolidating your debt by refinancing means you are paying less interest and you only have to make one payment rather than several. This simple fact can often save you quite a bit of money as sometimes you have to pay to make such transactions. And when you go to the lender and tell them up front that you need help, they will be more likely to suggest ways and means to help than if you simply left the debt unpaid without any explanation.
Life happens and sometimes it is not very kind; you may get sick, lose your job or have an accident that costs you money. There are many reasons why you may be unable to pay your mortgage; it is nothing to be ashamed of. Seeking help in the early stages is the wisest course of action. When people know that you are being upfront and honest with them they are very likely to agree to help.