Refinancing is not an option due to my poor credit rating. I make sure to be up to date because I dont want to lose my house but it is very difficult to keep up with my payment. Because of the housing meltdown and to avoid so much foreclosures, the goverment passed a law enacting mortgage modification where you can change your current interest rate to a lower one. By doing that Chase will lose money with me so they use all kind of excuses not to do it.
