that i think you're okay to sit tight for a while. before you'd have to hit any kind of panic button. as far as that a.r.m., when we're looking three years out, the a.r.m. going crazy on you, 2012 and beyond. how long do you expect you're going to own this house? >> caller: well, we have no plans on moving. >> so this could be a forever house? >> caller: yes, sir. >> then here's your assignment. you told me that your work is still good, you're still making good money as an electrician. >> caller: yes, sir. >> you need to pour every dollar you can into paying down principal on that loan to create more head room that will give you the opportunity to refinance. >> caller: uh-huh. >> the marketplace took equity away from you, you're going to have to rebuild the equity by paying down debt. >> next on clark howard -- >> a collection agency was pretending they were going to put your step-son in jail and were talking to you about the ticket? >> caller: exactly. >> down how much they have broken the law? i'm with my family in london, and we're here, why? well because trips to europe are the cheapest they've been i

think you're okay to sit tight for a while before you'd have to hit any kind of panic button as far as that a.r.mou know, when we're looking three years out, that a.r.m. going crazy on you, 2012 and beyond. how long do you expect you're going to own this house? >> well, we have no plans on moving. >> so this would be a forever house? >> caller: yes, sir. >> then here's your assignment. you told me that your work is still good, you're still making good money as an electrician. >> caller: yels. >> you need to pour every dollar you can into paying down principal on that loan to create more head room to give you the opportunity to refi. so that, you know, the market place took equity away from you. you're going to have to rebuild that equity by paying down debt. >>> next dshl >> a collection agency was pretending that they were going to put your stepson in jail and were talking to you about the ticket? >> exactly. >> do you know how much they have broken the law? >> we're here in london why? because trips to europe are the cheapest they've been in eight years because of the sick economy. which means