[craigster59]

I have a good friend that I get together with weekly to play guitar and informed me that he is in the same bind that other people are/will be in with his mortgage.

He has an adjustable mortgage, brother co-signed and "quit claimed" the deed over to him and his girlfriend, they didn't have bad credit when they bought the house 3 years ago, just no credit.

He needs to re-fi, as his apr is going up to 9%+, a payment he soon won't be able to afford. With all the mayhem going on with the subprime lending, is there a quick path to refinancing and will his past payment history (no lates) be reflected towards him, or his brother the co-signer.

He is a professional musician so complete income verification is iffy. He would like to be able to qualify without his brothers help. Any advice I could pass along would be appreciated. Thanks, Craig