When a homeowner is making monthly mortgage payments on an existing property it includes a combination of principle, interest and escrow. (stockmonkeys.com)
For example, borrowers with excellent credit, significant cash reserves, or a long history of making mortgage payments on time are often allowed to exceed the 43 % debt threshold. (homebuyinginstitute.com)
Myth # 1: The homeowner must fall behind on mortgage payments in order to qualify for a short sale. (joemetzler.com)