I work for a mortgage company. We specialize in home loan refinancing, but we also handle many other types of loans, including new purchase loans and home equity loans. the majority of people just want to take advantage of the lower interest rates and pay off their current mortgage to lower their payment. Some people want to buy a new home and need financing to do it. Others want to cash in on the equity in their home to pay off high interest credit cards and other bills. We help many people.