[bummed]

I am so thankful for this website, I have been reading here non stop since I came across it.

We have a 1st with Wells Fargo that is extremely affortable, great 5% fixed 30 year loan, $2100 a month including taxes and insurance, (balance is $282,000). Our second is what is killing us... It is with Countrywide/Bank of America- Back in 2007 our house appraised for $699,000 (now worth $399,000) and we got a second for $165,000 (home improvements, etc)- 15 year loan fixed at 6.875, This payment is $1560.00 a month, balance is now $152,000)

Salary- $90500
Gross $3480 biweekly- net check is $3079 biweekly (after insurance, tax, etc)

1st and 2nd mortgage- is about 50% of our gross income, 60% of our net.

We also have 45,000 in credit card bills, min payment is $817 a month-

Will NACA be able to help us at all? We cant refinance because we dont have equity and are at a loss at what to do.

Any help/tips you can give us would be greatly appreciated-Luckily our credit scores are great, 781 and 749, we never have missed a payment but have used credit cards when short each month. Of course these are now at their limits so we must do something, move, loan modification, something.

I will be looking forward to your responses-

Thank you in advance for your help-