Many programs to help those facing foreclosure are being launched, with the aim of moving borrowers out of high-interest, variable-rate loans and into lower-rate, fixed ones.Maryland launched one of the first such plans, called Lifeline, a year ago. Say you’re a homeowner with a 2/28 hybrid ARM due to reset next month from the initial two-year 5.25 percent “teaser rate” to 8.25 percent. It will reset again every six months up to as much as 12 percent. The difference in monthly payments between the initial rate on your $200,000 mortgage and the first reset is nearly $400 ($1,502 versus $1,104). That’s bad enough but after another year or two, your mortgage payment could come to $2,057. You can’t afford it. Make Money in Short-Sale Foreclosures: How to Bypass Owners and Buy Directly from Lenders

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