Meaning the adjustable rate could be refinanced to a better than subprime loan. Perhaps the fha secure could help that ARM out. Your ARM hurts beucase it needs to be fixed. Fix it with an fha refinance. Are you in florida? The floirda fha secure is available in florida.

You can file bankruptcy or not and your credit report and credit score will reflect the bankruptcy notation. This is interesting to note since bankruptcy is on the rise. The adjustable rate is also on the rise. Once again, I say you can refinance the floird adjustable rate mortgage and this is helpful to those in loss mitigation. Trust me that the loss mitigation deprtment would rather have the fha loan paid off through a refinance than for doing a loan modification. Mortgage help in florida with a preforeclosure too.

FHA secure florida.