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One of the major benefits of filing for protection under Chapter 7 is that many creditors actions are stayed. This means that debt collection efforts and foreclosure is halted.

FHA requires a mortgage insurance premium (MIP) for its home buying programs.

Need help lowering some of the costs of your home loan and you are a low to moderate income family?

Another way to make a refinance work for you is to refinance for more than the balance remaining on your old mortgage -- in effect, tapping your home equity, or "cashing out."

When you refinance your mortgage, you usually pay off your original mortgage and sign a new loan. With a new loan, you again pay most of the same costs you paid to get your original mortgage.

If you have a fixed rate loan, the interest rate is set for the life of the loan. However, many companies offer variable rate mortgages, also known as adjustable rate mortgages or ARMs.