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Upside Down on an ARM |
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Trying to get out from an arm before it amortirizes. But house is appraising lower than the loan we are trying to refinance. Do we have any options? or are we gonna lose our house? |
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You can talk with your mortgage company's workout department; they may have some modification of your loan to offer. Failing that, I'd say just sit tight, if you can possibly manage it.. If you "lose the house" you'll also lose a bit chunk of your credit score, which will make things harder in the future. |
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Originally published on June 17, 2008 |
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