When all of the nothing down and zero interest mortgages were released by our government,every one scrambled to buy a home. Now these mortgages have changed in what the owner has to pay. The rates have changes every six months and they will continue to vary. It is a very cautious time to have one of these. These are not a good value and so many people are in them.
First ,get out. Change over to a fixed 5,7,15,or 30 year. If you have a change in your income then get to your banker and let him know asap. You might be able to work a deal out. These mortgages are dangerous and they will send this market back to the toilet.
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