“But now prices have eased and she works three jobs just to manage a mortgage that has ballooned into interest rates of around 10 percent. ‘I don’t sleep much,’ the 35-year-old says about her round-the-clock work schedule. ‘But the first thing that I pay is my mortgage because I don’t want my credit to go bad.’”
From the U-T:
“The advice I give is for borrowers to do everything humanly possible to stay current with their mortgage,” Svinth said. “That means no vacations, no restaurants.”
Yes, “do everything humanly possible” like wait a couple years for prices become affordable again, and never, ever accept a suicide loan or becoming a house slave.
“Eventually, he’ll be responsible for making full payments of $6,000 a month, he said, adding, ‘I don’t know how we’ll be able to pay that.’”
“‘It’s not just the financial aspect. It’s the emotional,’ Dunn said. ‘We can’t eat, can’t sleep. I can’t concentrate on work. This is all I think about.’”
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