Question roughly speaking my mortgage rate?

I called my bank and told them is in that a way that they can help lowering my expenditure. They basically told me to get the web and gross income of ours and then the bills that we pay monthly and afterwards to call them and give them the info and they will see if near is a way to lower our interest rate. I wanted to know if anyone else know about something like this and how does it work and what does it adjectives have to do with the interest rate? They said it is not refinancing, so I don't get the drift.
Answers:
they are trying to do a loan modification agreement with you rather than foreclose
so do it

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