There could be many good reasons for homeowners wanting to refinance their existing home mortgage loan. These could be debt consolidation, equity cash out to pay for home improvements or lower interest rates to reduce monthly payment and possibly term of a loan.For many years, when the housing prices were going up and up people were lining up for equity cash out. They were happy to spend some of the appreciation like earned income. That was the most common reason for refinance mortgage. The rates were low enough to allow cash out and still keep loan payments affordable.Now house prices are down considerably, but refinance applications are still high. According to reports from mortgage lenders, homeowners are displaying a different attitude to the one that has been seen few years ago. The rates are that good that many homeowners putting cash in to get qualify for the rates on offer in a declining housing market. Many homeowners may have negative equity or not enough equity to qualify for a good refinance home mortgage loan rate. They see the low interest rates an opportunity not to be missed. Many of them seem to be preparing their finances for the long hard road. It may be a good idea to take advantage of the rates and fix important part of household expense.Many homeowners have given up on selling their home or they do not worry about the falling house prices anymore. All they want to do is to secure the ship before it takes any more water in. There are still many uncertainties in the market that leads to refinance home mortgage loan applications. The house prices may go even further that may make a house less and less a security for a mortgage. Or the interest rates may start going up that makes their monthly payments higher and higher. Many homeowners are not taking any more chances.That is why many homeowners prepared to take what they can get now. Believe it or not cash in refinance mortgages are the popular trend of the time. People are prepared to pay out of pocket to get those low rates on offer. It may be high time that homeowners looked into their finances and prepared a long term financial plan. It seems that it will take a good few years for the green shoots in the economy growing into a fruit bearing trees.