My mortgage is a 5/1 arm which expired & I want to go back to 30yr, but my home value is lower than my mortgag?
I was planning to sell the house when I first got into the 5/1 arm but home prices went down, I was stuck. the 5 year is up and rates went up. I lost my job and can’t make the higher payments, I talk with the loan company and they say my dept is to high and the home value is too low for refinancing. What am I to do?