Okay, I need help with questions about my mortgage loan!?

Okay, I’ll try to make this as short as possible. My husband and I recently found out we were expecting, and after losing our first pregnancy last year, I had decided to quit my EXTREMELY stressful job. We recently found out our ARM is going to re adjust in June, and we are so not going to be able to afford it. We are barely getting by now. I plan on getting a less stressful job very soon, but will still not be able to make these new payments. I called my mortgage company today, and they asked some information about our current income, and expenses, and told me to fax them a months worth of paystubs and a hardship letter so that they could do a modification of my loan. I asked what that would be, and he said get us to a fixed lower rate. After giving them income and monthly expenses including gas….food…etc, we barely came out even. Is this for real? Can they really do this for us?

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