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Profile picture for jon1273
I have a 130K, 7 year int only mortgage that is set to adjust in about 2.5 years. I am upside on it by about 10K. I don't qualify for the gov't program, any advice. Thanks.  
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April 23 2009 - US
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Answers (2)

Profile picture for Colorado Mtg Broker
Jon,

What government program are you speaking about specifically.
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April 23 2009
Profile picture for Chad Melin
Are you able to make payments above the I/O payment? If so, you can get qualified to refinance at 105% of the appraised value and get into a fixed rate.
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April 23 2009
 

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