Refinancing For 30-Year Fixed Rate Mortgage Below 5%; More Helpful Than Home Loan Mortgage Modification?

" When lenders carry out the Making Home Affordable home loan modification program correctly it can help countless homeowners, as evidenced by past reports from the program and homeowners. However, refinancing for a 30-year fixed rate mortgage may offer a better payment plan for some homeowners or allow them to alleviate some of the financial strain of their mortgage payment in a more timely manner."