You bought the biggest house they said you could qualify for, taking advantage of low rates and creative financing. Who knew you could afford such a great home?
But now, several years later, your low-interest rate has disappeared and the adjustable-rate mortgage that seemed like a good idea keeps pushing your payments higher. Or perhaps you took out a fixed-rate mortgage with an inflated interest rate due to your super low down payment.
If all that isn’t bad enough, instead of increasing in value, your home’s market value appears to be slipping. You worry it’s about to take a nosedive….