According to a CNNMoney article, the "danger years" of mortgage delinquency are the 3rd and 4th years and there are millions of Americans whom are entering those "danger years."

With almost half the mortgages in America 3 years old or less, there are a lot of people that could be in 'danger', especially, according to most experts, those whom bought homes using ARMs or no-downpayment loans. Fortunately, this group of people represents just 15% of all mortgage holders.

In places like Southern California, the price of homes could push mortgage payments several hundred dollars higher per month as ARMs mature from their initial fixed-rate into variable rates. For this reason, most experts suggest moving from ARMs into Fixed Mortgages as soon as possible.

Still, if you were hoping for a massive amount of bankruptcies so that you could slip into a home on the cheap, you might be waiting a long time.

According to analysts, a large number of ARM users can afford to pay off their mortgages at anytime as ARMs were only used to remain liquid for other investments.

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