A recent opinion article over at Forbes.com focused on the fact that consumers have to take responsibility for paying off their own home loans. The article makes the very valid point that the government probably isn’t going to be doing you any favors this year when it comes to saving money on paying off your mortgage. But that doesn’t mean that you simply have to suffer if you’re feeling in-over-your-head with debt worries. It just means that you’re going to need to do some of the work for yourself to find the best method of taking care of the problem.

The report notes that there is likely to be a flood of new mortgage applications coming in to lending offices in the next few months. It also highlights the fact that a majority of these applications are going to be from people who already hold a mortgage but are seeking better mortgage rates. This points to an important trend in the mortgage industry: the homeowner’s growing interest in getting the best refinance rates. As this trends grows, lenders will make a more concentrated effort to offer you the loans that you need. Santa might not be slipping a mortgage payment check into your stocking this year but you can still celebrate reduced monthly payments if you’re willing to find the right lender to help you out.

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