Re: I have a 115% mortgage on a 3 Year Arm...is there hope?
08-17-2007 09:24 PM
If the house is still indeed worth less than they owe, few banks will touch it right now.
chartley3 wrote:First piece of advice is never do a 2 or 3 yr ARM unless your able to refi within 12 months. I recommend pulling all 3 of your scores and your DW's to see what your mid score is. If you are in the 620-640 range you should be able to goto a real bank and get a fixed rate with little to no out of pocket expenses except for a new appraisal. Break down your CC debt by each card and focus on paying off all but $20 on one card month and mothball it starting with the one with the lowest balance first.
From BK to 700 FICOs in 4.5 yrs.