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Posted in Mortgage
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Akinback74

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Mortgage went adjustable...SOS!!!!
Our mortgage just went up $1K per month and everywhere we turn there is no help. We are upside-down by $25K as we bought it at market height. Any advice is welcome.

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Do you know what type of mortgage you have (Fannie Mae, Freddie Mac, FHA, etc.)?  How about when you took out your existing mortgage (closed on it)?  If you have a Fannie Mae or Freddie Mac loan that was closed prior to May 31, 2009, then you may be eligible for a HARP refinance.  If you have an FHA mortgage then you may be eligible for an FHA Streamline.  You can check Fannie Mae and Freddie Mac at the following links:

Fannie Mae: https://knowyouroptions.com/loanlookup

Freddie Mac: https://ww3.freddiemac.com/corporate/

Other than that, there aren't awhole lot of options available.  

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