[homerelish]

Can I adjust my ARM loan to a fixed rate loan and at the same time modify it?

[admin]

Typically when a lender modifies a loan the adjustable rate mortgage is rolled into a fixed rate. This can be a problem for those that have had only made negative payments on a pay option arm. A fully amortized loan on a lower fixed rate could still be higher than current payments. The best bet for saving a home but very rarely happens is the interest only modification. If you get a interest only mod you better make additional payments because you will not be paying down principal.

[Tom Brady]

Yes you can. In fact it is easier for everybody to do both in a single shot rather than do the first now and then do the other later.