mortgage help, expiring ARM 1.5 years?

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Principle is higher than value of home, Modification with my bank is going nowhere. USbank says I make to much money. I’m 115% loan to value. Do I wait and see with government programs rolling out or act now? Fica score over 750 on both my wife and I. I want a 30 fixed, any ideas? or directions I could take, would be appreciated.

  1. Reply
    February 20, 2011 at 6:55 am

    the only way is to bring cash to close since you are upside down in home or wait and see what happens to the value in the next little bit as spring may move some areas higher and less cash to close

  2. Reply
    February 20, 2011 at 7:44 am

    If you got your mortgage before March 1, 2008 you may qualify for the Hope for Homeowners program ( You can even save thousands of dollars if they refinance your mortgage at 96.5% of Loan to value. They will “pardon” the rest…
    Check the program and see if you qualify

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