Avoiding Foreclosure Adjustable Mortgage Rates

by Ana from Tampa, FL USA

Regarding Avoiding Foreclosure Adjustable Mortgage Rates A reader describes her all-too-common situation with adjustable mortgage rates and being "upside down" in home equity. If you have been in a similar situation in the last year or two, please feel free to contribute also.

Dear Kate, My adjustable rate mortgage is increasing in April but my home's appraised value is less than what I owe. Do I have a way out of it? I don't have equity to refinance. What should I do? Ana

Avoiding Foreclosure Adjustable Mortgage Rates

Hi Ana, I think you are very smart (and brave) to be looking for help before your adjustable mortgage rates are scheduled to increase.

On this website, I have a special report with 8 strategies to stop mortgage foreclosure. You will find help ranging from understanding the impact of foreclosure on a homeowner's life to foreclosure alternatives, one from Donald Trump.

As the threat of foreclosure has spread through out America, I have acquired a few more tips from my readers. Go to your state's website. Most likely it will have a link to local resources for homeowners in distress. If you belong to a church, perhaps it will have support groups knowing of other solutions unique to your city.

It is worth mentioning again, as Donald Trump also did, to contact your lender to negotiate a better deal to stop foreclosure.

I hope you'll return to let us know how you are doing. Remember to add Get Your Best Mortgage Rate to your favorites and visit it often. Of course, all of my information is free.

Best Wishes and Good Luck,

Ask Kate how to get the best mortgage rates
Ask Kate

P.S. Go to my Best Mortgage Rate Blog, an entertaining source of mortgage information. Subscribe now to the RSS feed.

Riveting Fixed, Hybrid, and Adjustable Rate Mortgage Help

Comparing Fixed and Adjustable Rates - Refinancing? Buying a house? Get current rates right here.

Get the lowest payment with this best fixed rate mortgage plan yet pay it down quickly.

The 15 year fixed rate mortgage will save thousands plus you'll be mortgage free after 180 payments!

What would you do with an extra $87,789? Meet the 20 year fixed rate mortgage.

Introducing the 25 year fixed rate mortgage combining security with a lower interest rate.

I crown the 30 year fixed rate mortgage King Of Mortgages!

Meet the 40 Year Fixed Rate Mortgage when fast mortgage pay offs aren't your cup of tea.

Are adjustable mortgage rates good or bad? It depends on your circumstances.

Plan for changes to your adjustable rate mortgage.

If the cheapest fixed rate mortgages will save you money, why pay for more?

Are interest only mortgage loans hidden adjustable rates?

Ask Kate About ARMs - Get an answer about mortgages that adjust.

ARM Ask And Answer - Questions about adjustable rate mortgages, each with a individual answer from Kate.

Click here to add a comment.

You can also ask Kate about your mortgage at Answers to Adjustable Mortgage Rates.

Recent Articles

  1. Kate's Mortgage Rate Report August 11: Rates Bouncing Like a Ping Pong Ball

    Aug 11, 16 10:49 AM

    Kate's mortgage rate report for the week ending August 11, 2016: Rates Bouncing Like a Ping Pong Ball
    Mortgage interest rates have been bouncing like a ping pong ball: After last Friday's strong job report began pushing up mortgage rates, the market is now hinting at a reversal, with the 30-year hover…

    Read more

  2. Ask Kate how to avoid unauthorized mortgage rate extension fees

    Aug 11, 16 10:18 AM

    Ask Kate how to avoid unauthorized mortgage rate extension fees
    Ask Kate how to avoid unauthorized mortgage rate extension fees:

    After locking in her rate, the bank sent a Texan homeowner, Laura, notification of several thousand in fees that she must pay in order…

    Read more