I have an ARM that keeps resetting

Hi Joseph. My name is Matthew Rundle with Westin Mortgage in Riverside, Ca. Joseph, I would highly recommend you speak to a realtor to look at your options. Being upside down per your comment, one of your options is to lookat a short sale. I have an excellent realtor contact in Indio that knows the complexities of the short sale process. Call me via my cell at (909) 630-2029 and I can give you the name/number. Thanks Joseph, Matthew Rundle.

There is help on the horizon. Under the New and Improved HARP program, you will be able to refinance into a fixed rate mortgage. However I'm not sure if it is offered for loans greater than $417K. If you pay your mortgage down to $417, then you can, but the best advise I can give you is to contact a local mortgage broker, not a bank, and ask if your home would qualify under the new HARP program... WilliamAcres.com

Hi Joseph. Your first step is to get a copy of your credit report. Maybe you have some minor derogs that were mistakes. You would need to increase the credit score because even the rates on the DU Refi Plus program are dependent on credit scores. Then you should do a comp check and estaimate a loan to value ratio. If you are below 125 %, you qualify under the current DU RFefi Plus progam. If you have any questions, call me. Kevin Rezaie 818.703.9337 X 201 Officekrezaie@wfloan.com

Hopfully this will clarify some of these answers. You likely won't qualify for the new HARP program because your loan must be currently owned by Fannie of Freddie. If it's not, you don't qualify. Go here to check to see if your loan is owned by Fannie: www.fanniemae.com/loanlookup or go here to see if it's owned by Freddie: www.freddiemac.com/mymortgage (if the links get stripped out, contact me and I will send those to you). It IS however possible to refi as Kaymir suggested under the DU Refi Plus program. Unfortunately, there aren't a lot of programs available to help many people in your circumstance.

Joseph, please ignore Realtors that tell you to do a short sale because you are upside down. These Realtors fail to tell you about the consequences of doing so and are only trying to line their pockets. It is 100% unethical to suggest someone default as a first step, and a short sale is a default.