Step 1: Loan Program Questions   Is the loan for? lower payment lower interest rate new term debt consolidation cash out line of credit other How long do you intend to keep the property? 2 years or less 5 years or less 10 years or less 30 years or less 2 years or less What is the balance on your first mortgage? What is the balance on your second mortgage? What is your current interest rate? What is your monthly payment (include principal and interest)? What is your current term/program? Does your mortgage have a pre-payment penalty? Yes No If yes, how much? don't know $10,000 or less more than $10,000 If consolidating debt, what is the total amount you wish to consolidate? If receiving cash, how much would you like to receive? What is the current value of your home? When considering adjustable rate, fixed rate or other programs you are interested in an adjustable rate fixed rate interest only payments bi-weekly payments lowest payment possible other options