I do not have a mortgage (yes, I know how lucky I am) but I have heard friends say that it is a good time to refinance or to do a Home Loan Modification. A friend said it is time consuming to do such, but she is glad that she did it. Every little bit helps when it comes to a budget, and it can be especially important to do with a debt as big as a mortgage.
My condo is paid off, thank goodness, but it is too small, and I am getting house hunger, as Dave Ramsey would say. The problem is I still have too much debt and too much month at the end of the money, something else that Dave Ramsey says. But I should be debt free in about 2 years, and then I want to get a house. I will need to learn a lot in the next two years about home ownership. Condo living has been easy; I have a feeling it will be harder with a house and a yard and no board to help you figure out when repairs have to be made.
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