Regular Contributor
Posts: 218
Registered: ‎07-29-2007
Re: I have a 115% mortgage on a 3 Year there hope?

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.

If the house is still indeed worth less than they owe, few banks will touch it right now.
From BK to 700 FICOs in 4.5 yrs.