If you need legal help to determine whether you have a defense you should get that help before entering the refinancing deal. If you are divorced refinancing your home can make things easier in regards to what happens to mortgage payments when the home is given to one of the parties. The most common consumer refinancing is for a home mortgage. In the context of personal as opposed to corporate finance refinancing a loan or a series of debts can assist in paying off high interest debt such as credit card debt with lower interest debt such as that of a fixed rate home mortgage.
