If your lender on the loan secured by your real property refuses to voluntarily to adjust the interest rate on the loan or reduce the principal amount due on your loan, there really is nothing else that you can do to change the circumstances other than to refinance the loan presently in place.The problem arising on a refinance is if the loan is more than what the security for the loan is worth. In such a situation you will not be able to get a loan unless the amount of the loan that you want to refinance is reduced by additional money placed by you in escrow so as to get a smaller loan on the refinance.