Times are tough. I'm making way less income then I was. My homes value is down with the rest of the world. But there are seemingly options under the home affordable act. Should I do the home affordable refinance, or try for the home affordable modification? I lost value to a point where I'm sure I'm pretty mush stuck here for a while. It's also getting very tight financially speaking, but foreclosure isn't really a threat. Obviously, I want to hammer the lender that hammered America, and help myself the best I can for this unstable future. I don't know much about financing and mortgage lending. Any help would be much appreciated. Also, I have a small 2nd mortgage. If the home affordable mod goes through, I can then attempt to hammer my interest rate down on this loan too. My primary loan is 5.75 2nd mtg is 7.5 Thank you all very much in advance.