[jose]

...loan and would like to set a fixed rate ? I have heard on the news that we can petition our lender for a fixed rate. They also gave a phone number to a place called, Homeowners Unity Foundation whom I talked to, and they say they charge $2500.00 to help you because they work with lawyers that help the process move faster. But they do not guarantee results. Can anyone give me some insight or suggestions?

[MikeAndMarissa]

Yea, I work for a loan modification company, and do the same thing, but we GUARANTEE Results or your money back, and it doesnt all have to be paid up front..you can put the initial deposit, and then the rest once the modification is being finished. A Real Estate attorney owns my company, and everything is 100% legalized, and we protect all of your legal rights, get u in a fixed rate, and lower your rate. If you want to email me, and if you want to leave a number that I can reach you at, or I will give you mine, feel free to and I can help you out. mletendre@nationwidehomerelief.com. Thanks!

[Kelsey]

Sure you can petition your lender for a fixed rate but there's no guarantee they'll just "give" it to you. No offense but you knew you were getting into an ARM and now you have to deal with it; why should the lender just switch it into a fixed rate for you?Call your lender and ask if they'll do a loan modification to get you into a fixed rate, or at least a break on the costs associated with refinancing and get all estimates in writing. From there shop around with other lenders (including credit unions) to see what rates and fees you'll be charged to refinance into a fixed rate mortgage.