Wednesday, December 06, 2006

Why you MUST pay your mortgage FIRST

Credit card companies and other consumer debt lenders are notorious for pressuring people to pay them before anyone else. DO NOT let them pressure you into paying them before you pay your mortgage bill.
"Based on current performance, 2006 is on track to be one of the worst ever for subprime loans, according to UBS AG...roughly 80,000 subprime borrowers who took out mortgages packaged into securities this year are behind on their payments." More>
PAY YOUR MORTGAGE FIRST!

Don't let the scare tactics of credit card companies and other consumer loan lenders scare you into paying them before you pay your house. PAY YOUR MORTGAGE FIRST!

The bank can take your home if you default. The credit card company can only scream and yell. Give them what you can, but make sure you pay your mortgage bill.

If you are stretched to the limit and trying to get your life in order, put the credit card companies on hold; you can get to them later (as well you should). Just make sure you don't loose the roof over your head in the process.

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