Refinance now get out of that high interest rate or adjustable loan NOW! Federal Housing Authority has programs that will allow you to keep your home even if you have had late payments due to a adjustable rate mortgage. Credit scores are being approved that are below 500 the rates are the lowest they have been in quite a while. Why haven't more applications been submitted? Because people are running away from there homes because of a perceived loss of equity the problem is the short sale will line someone else's pocket instead of building wealth for there families. Dont sit and not take advantage of federal money that could lower your home payment!!!