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[quote=Anonymous][quote=Anonymous]Did your HHI decrease substantially after you bought the house? Was there a divorce, death, or did one spouse leave the workforce?[/quote]

No, I think she said earlier that her first loan was interest only.

OP, no offense, but you are exactly the type of people for whom I have zero sympathy.  You're not some ESL housekeeper who was sold a bill of goods by an unscrupulous realtor.  You're not someone who had no choice but to overextend because you needed to keep a roof over your kids' heads.  You make well over a quarter of a million dollars a year, and ought to know better.  You could *easily* have afforded a nice house in a nice neighborhood.  But you had to get a house that was over four times your HHI because, you know, that's what the Joneses do. And the only way you could do that is with an interest-only loan, because everyone knows that housign prices ALWAYS go up.  And even though you live in a great school district, you send 2 kids to private school.  And now you're over-extended, and when people offer you suggestions, you say, "I can't do that - we'll lose money!"  You know what?  When people make stupid financial decisions, they lose money.  That's what happens.  (Note - not decisions that didn't work out, but decisions that were idiotic at the time you made them.)

OK, rant over.  You can pull yourself out of that hole, but you have to stop waffling and take some common-sense steps that are rational within your financial framework.[/quote]

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