My option 1 SUCCESS story - Military

[Mike]

First off, let me say my story is similiar to everyone else's but abit difference here it goes:Mine is I am an active duty service member who lives in Northern VA. I have a townhome with two mortgages one with option one and one with suntrust. Yes, I received the letter about it moving to American Home Mortgages and another interest loan adjustment on my ARM. It went from 7.25% to 9.125% which will raise my payment from 3168.00 to 3600.00. Folks, this is almost my whole paycheck. Right now, I am so upset about this and worried as well..We were led to believe by someone from Suntrust that we could refinance since this story is rather long. But because of the second mortgage which is an equity line of credit for $50,000 and a house that is worth around 417,000 and I owe with option one 398,000 I am finding out no one will touch me because I owe too much money.Now, I am in the process of trying to do an interest freeze I wrote the documents at work and hopefully they are strong enough. I am not sure whether the soldier and sailors relief act will work for me because I am active duty for 14 years. I cannot afford foreclosure because of the type of job I do and my clearance. My wife is in the same boat and we really cannot talk with anyone because I do not want anyone to know...So I was lucky to find this website..I feel I am alone because being in the military there are some things you simply cannot talk about...and I am desperate to needing help right now, I am starting to have problems paying the smallest bills because of rising prices...I have tried to refinance with other companies to no avail..I have never been late on payments and have good credit..But please any advise would be appreciated...