Open Question: mortgage question?

[Administrator]

ok, I have one of thoose sub-prime,high intrest, ARM loans, that everyone is having trouble with. It is a 2 year ARM which comes up in Dec. of this year. we cannot refinance before then with out paying a $4000 fee. We have not had any problems so far with making our payments. Everyone has been on time, however our credit besides that isnt so great. We have a car payment, which has been late a couple times, but never more than a month, just by a couple weeks. We also have some credit card bills, and medical bills, all of which total up to less than$5000. I really want to get it all payed off, but so far havent. Any way, with all of that info, I was wondering, if anyone knows, how hard will it be to get a new loan once our ARM is up?? what should we be doing right now to get things in order and ready for when it is, and how early should we start looking for a new loan? any help would be appriciated. thanks in advance


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