The “Lifeline” Refinancing Mortgage Program provides a refinancing option to Marylanders who may be facing financial difficulties after purchasing homes with "exotic" mortgages. An “exotic” mortgage is defined as any type of adjustable rate mortgage (ARM), balloon payment loan, or negative amortization loan.

Under the program, a variety of fixed rate mortgage products are available, including interest-only options. Click here for more details, including the interest rates for this product. If you have an existing mortgage that meets the definition of an "exotic" mortgage, you may want to consider contacting one of our approved lenders (click here for list of Approved Lenders) to see if you are eligible to apply for our "Lifeline" Refinance Mortgage.

Lifeline Refinancing Mortgage Products:

• 30-year amortizing loan – 2-point product  
  
• 40-year amortizing loan – 2-point product  
  
• 30, 35, and 40-year interest-only loans – 2-point product