From what I've heard and read, it's the MODIFICATIONS of mortgages and loans that caused people to go into foreclosure. (Maybe they aren't under regulations like regular mortgages are, without full disclosure and explanations of what the terms are and how it works???)

See if you can do a full refinance instead, if the current company won't, try others. Go to Suzeorman.com and see what free advice she has there.