Hi: I was awarded (for lack of better term) a HAMP mod thru Wells Fargo. It is also a "step rate" where it increases over the next 8 years! To me, that sounds like an adjustable rate. By the 8th year I'm back to the payments I have now minus $100 unless I pay more as I go to bring down the principle. NACA says they can't do anything because it is an affordable loan now according to my financial statement. It looks right on paper but I'd be using one whole check to pay the mortgage so it doesn't work out in real time. I wanted a principle reduction based on the fact of predatory lending practices getting me in the "mell of a hess" in the first place. That didn't happen but I thought the HAMP program could allow that is my property was valued less than $7 hundred thousand something. I am in a townhouse (condo they call them in California) owe-ing $401,700. It got to this figure from about $250,00 before refinances. What is your suggestion for a better deal? Right now I am on the trial period where I make 3 consecutive payments ON TIME and then it goes into effect as a modification. I love my new payments of $1625, taxes included but they are not staying that way. The interest will stay at 4%.