Chap 13 current mortgage

[brokeNconfused]

like others i am upside down in my home value. I field 13 about 9 months ago and have been ontime with all payments. I am concerned about my motgage "arm" that starts in a year and will increase my loan to more than i can pay. Are there options for me without getting behind in payments? I understand Obama is helping thoes behind, but what about thoes who contineud to pay? Are there ways to modifiy under the new law? My bank wont return calls. I thought there was a FHA loan that 13 filers could qualify for a refi after a year of payments. Is this still possible?

[lrprn]

like others i am upside down in my home value. I field 13 about 9 months ago and have been ontime with all payments. I am concerned about my motgage "arm" that starts in a year and will increase my loan to more than i can pay. Are there options for me without getting behind in payments?

Call your lawyer well in advance and let him/her know about the ARM increase. Your Ch 13 plan can be modified to accommodate it. If your ARM mortgage increase is greater than your calculated disposable income and your income hasn't increased since filing, it might even allow you to convert to Ch 7. Speak to your lawyer to find out what to expect in your situation.