Posted on: 24th Apr, 2009 10:17 am
primary mortage is 5yr arm which is expiring soon and bcome "adjustable". second mortgage is with high % but 30yrs. house worth is less than i owe. what are my options?
how much less? if you think your ltv is 105% or below and your loan is owned by fannie mae or freddie mac then you may be able to refinance.