If you simply want to make your payments more comfortable and your home value is steady or has increased, you may be able to refinance your mortgage. You’ll go through an application, approval and closing process, similar to when you got your original mortgage. Your mortgage company will work with you through every step, and will help determine the best mortgage option for your specific needs.
Fannie Mae works with thousands of lenders offering a variety of refinancing options. Contact your current mortgage company, bank, credit union or other mortgage lender.