6 Responses to “My mortgage is about to increase due to an adjustable rate, is there anthing I can do to avoide this?”

1. Frank the Tank says:

   March 2, 2010 at 11:29 am

   you can ask the bank to give you another 5 years as interest only. That is what I did. It cost me 600 in fees but at least I keep my house another 5 years untill I figure out what to do
2. snapszen says:

   March 2, 2010 at 6:46 pm

   You should refinance.
3. Rick K says:

   March 3, 2010 at 10:02 am

   I would contact a local mortgage professional asap its possible but depends on many factors
4. justin c says:

   March 4, 2010 at 5:11 pm

   Are you retarded? Why on earth would you cosign a loan for somebody? You should try to sell ASAP, if you are unable to do that refinance it with a fixed interest loan.
5. sideline2084 says:

   March 7, 2010 at 6:03 pm

   Check out lots of information about mortgages, refiniancing, consolidation, bad credit mortgages and more.
6. linemanboston says:

   March 9, 2010 at 10:08 pm

   Unfortunately you made a bad decision. The best thing now is to sell as soon as possible and cut your losses. The market is only going to get worse with all of the adjustable rate mortgages resetting and there are going to be thousands more people in the same situation over the near year. Sell as soon as you can.