If you are still struggling with your Las Vegas mortgage, it only means that either you lost your income or it dropped dramatically; or you have not yet applied for refinancing.

If the problem is your have lost income because of the recession, then you should consider selling your house, and getting a some new Las Vegas mortgage loans that you can manage with your present income. In other words, cut your losses, and try again.

It would be a shame not to get another house because Las Vegas is really a real estate hot spot, and the property values are going to go back up again.

If you think you can still manage to keep your house but would like to pay less, then refinancing is the solution to your problems. A local broker can help you with this. Find one that will listen to you and provide you with options.