Mortgage Forum

Joel Fraser

I have tried unsucessfully to refinance my house, and the last option is a loan modification. This is a great website and I am glad I found it. My situation is unique, I think. I purchased a home in 2004 with an ARM solely in my name because I had the better credit than my husband, my husband makes the most money though. In 2006 my arm was going to adjust and I had to refinance to another arm with 9.75% interest again, now it was suppose to adjust again in September but it is not because I guess the interest rate is low, so for the next six months my note will stay the same. I don't know where to start.. I have been told my debt to income ratio is too high because the house and two cars and bank loans, credit card bills are all in my name, but I don't have the income to support and that. My husband's name is not on the house therefore I can't use his income. My lender is Carrington Mortgage, they sent me out the paperwork to begin filling out for the loan modification. I have never been late on the mortgage note. Please help, do I have any options? I have tried endlessly with about 5 companies to refi and they all tell me the same thing debt to income ratio is too high.