ChatGPT said:
Homeowners facing high mortgage payments this fall have three main relief options.
Refinancing can cut costs if rates drop 0.75%–1%, but closing costs matter.
A mortgage recast uses a lump sum to lower payments without changing loan terms or rates.
Loan modifications reduce payments 20%–30% for hardship cases but need documentation and may hurt credit.
Experts advise acting early, preparing documents, and seeking help from a HUD-approved housing counselor.