If you are in an adjustable rate at the present time it is, of course, in your best interest to refinance before your payments start to increase. If you have a home equity line of credit or second mortgage, more than likely the interest ... Does the lender make privately or federally insured or guaranteed loans? Some mortgage loans may be backed by a federal agency, such as the Federal Housing Administration (FHA loans) or the Department of Veterans Affairs (VA loans).
