What should I do if I cannot afford a mortgage payment?

Answer You have lost your job and unemployment will not cover all the bills, groceries and house payments. Or you or a family member suffers a medical emergency and health insurance does not cover all the... Read More »

Top Q&A For: What should I do if I cannot afford a mortgage ...

How much can I afford for a mortgage payment?

On One Hand: Consider Your IncomeConventional wisdom suggests no more than 28 percent of your family's income should go to your monthly housing payment. Remember that on top of the mortgage itself,... Read More »

What Should I Do if I Cannot Afford to File for a Divorce?

Divorce can be an expensive process. When a marriage is dissolved, a couple must divide assets and share custody if children are present. In some cases, a spouse is left in financial hardship from ... Read More »

What should your mortgage payment be?

On One Hand: 25 Percent of Your Budget.Many mortgage loan officers and lenders suggest that borrowers never borrow more than 25 percent of their monthly pre-tax income to purchase a residence. Havi... Read More »

What percentage of a gross income should a mortgage payment be?

According to Bankrate, your mortgage payment, including principal, interest, insurance and taxes should not exceed 28 percent of your gross monthly income. To determine your maximum payment, first ... Read More »