CEMA(Consolidation, Extension, and Modification Agreement) for NY

Hi BP,

I recently learned about a CEMA (Consolidation, Extension, and Modification Agreement), and from what i understand it is specific to New York State. Has anyone had any experience and success using this form of Loan? What are the pros and cons to modifying your mortgage loan with this method? I currently have a HELOC in which i was looking to consolidate when I refinanced. But now i am exploring the option of consolidating it via a CEMA.

Thanks!