Are you behind your mortgage payment?
By maria_k
@maria_k (925)
United States
February 26, 2009 7:27pm CST
Any mylotters face financial hardship that you sre struggle to keep your house payment? Like you get to forgive the credit cards, you can't pay your 2n loan ect . PM me, I can help
2 responses
@chookie1971 (2271)
• Australia
27 Feb 09
I know that one of the best way is to pay the mortgage every time you get paid. Paying smaller amounts frequently would help instead of paying once a month where you have to keep the money aside to pay it.
More frequent payments also saves you money in interest.
My husband and I are paying the mortgage every week when he gets paid. We have set an amount at a round figure. So at the time the payment is normally due, we have paid more. Even at the peak of the interest rates we were able to cover the payments. It is handy when there is 5 paydays in one month.
Since the interest has gone down, we have not adjusted the amount we want to pay. We want to keep the amount up so that we can start jumping ahead and shortening the length of the loan.
@maria_k (925)
• United States
27 Feb 09
The situation only occurs to people who lost their job in this recession. Expecialy , the men who are the bread winner. Many have found that they can't refinance either because their house value has dropped. if you house has equity, this is the time to refinance for lower interest rate.
@baileycows (3665)
• United States
27 Feb 09
No and thank God. We have not felt any pain yet and hopefully we will not, but we are not behind on our mortgage payment. I don't want to be either.
