Mortgage Payments

The most important factor, behind the right fit, is the affordability of a new home purchase. According to guidelines, your mortgage payment should not exceed 25-30 percent of your take home pay.

The entire process to lowering my mortgage by almost half took about 5 months. It wasn't easy. I had the money available to pay down the mortgage but I wasn't about to empty my savings account.

During the years I spent specializing in foreclosure prevention, I learned and gave advice to every client interested in saving his home, as well as presented some harsh realities when it came to getting behind on mortgage payments.

Lots of homeowners who are in a financial hardship have to make tough decisions. Here are some reasons to take into consideration on whether or not to continue making mortgage payments when thinking about doing a short sale.

Knowing and understanding how mortgage affects your credit will help you make the right decision when applying for a home mortgage.

The federal government has set up two programs to assist those that are struggling with their mortgage. Both of these programs are provided by the mortgage lenders, and provide ways in which the borrower can afford their monthly mortgage payments.

Homeowners who can comfortably afford to make their monthly mortgage payment each month and who want to build equity in their homes should consider making an extra principal payment each year.

Subject to is a type of real estate contract that allows buyers to take over the seller's mortgage payments. Property rights are transferred to the buyer, but 'subject to' adherence of contract terms.

One of the many ways in which the U.S. Government provides loans to individuals is in the mortgage payment grant, which is useful if you are paying mortgage installments.

Everything from credit card debt bailouts to mortgage payment bailouts are part of wild claims made by credit card scammers, preying upon the perception that Obama has passed some sort of law to help out consumers.

This article explains both Fixed Rate Mortgages and Adjustable Rate Mortgages.

Australians are already far behind in credit debt; don't let yourself become victim to this growing financial trend.

Find out if one of the government's new programs to help distressed homeowners can help you.

Sometimes your mortgage payment can increase if your taxes and/or homeowners insurance premiums increase during the year and there is not enough in escrow to pay them.

Learn how to figure up an accelerated mortgage payment plan on your own.

Homeowners unable to make their current mortgage payment can have their payments lowered through a mortgage modification.

Avoid getting into financial trouble by buying only as much house as you can afford. Read more to learn how it can be done.

Untimely financial hardship or devastating interest rates bring many homeowners in trouble with the continuity of their mortgage payments.

Read this informative article to determine the components of a mortgage payment and exactly how this payment is calculated.

If you own a home, use these tips to help you cut your monthly bills by almost half.

Junior mortgages are second mortgages and they have lower lien priority than first mortgages.

If you're in the market to buy your first home, you probably don't have a clear sense about the costs of home ownership.

This article will explore ten tips of things you should consider before deciding to prepay your mortgage.

Prepaying your mortgage seems like the logical thing to do. With the sluggish economy, and some extra cash stuck away, should you prepay?

Mortgage unemployment insurance plans are a great investment, and will help to relieve the stress that usually occurs whenever a person has lost their job through no fault of their own. Get the facts about this special type of insurance policy in this informative article.

Pro's and con's on prepaying your mortgage.

How to calculate a mortgage payment is one of your most important decisions when purchasing a home. Rather than be a mathematician, you will just need to learn a little bit about the process and what it is all about.

There are several things that your mortgage lender could do to help you save your home from foreclosure. But there are some things that you need to do also.

There are pros and cons of having a fifteen year mortgage. One advantage is paying your mortgage off 15 years sooner and saving a lot of money in finance charges.

This is the story of how our American Dream turned in a nightmare. Are we a typical working class family or just low lives like some people are saying?