I currently have a 3 yr fixed arm, will go up this Oct. up, and it will be a variable interest rate.?
by Mortgage Rates on Friday, September 17th, 2010 | 2 Comments
-
Mortgage Info
-
Updates
-
Useful Links
-
-
Tags
2010 About article Auctions bank banks best Business buyers change Credit Debt Equity Financial First fixed Foreclosure From good Government Help Home house Housing interest Loan Loans Market more Mortgage Mortgages Need News options qualify Rate Rates refi refinance Refinancing should this Time variable would-
Meta
Welcome to the foreclosure world.
That is what people are doing after finding out there homes can not be refinanced.
Get that payment back on track. You must stay current for one year in order to get a new loan.
However you may check with FHA regarding your current loan.
Do a search for FHA Secure – it’s a program specifically designed to help people who have ARM loans. But you do have to start making those payments on time or this program won’t help you.