Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Is Your Mortgage Approval At Risk?
I was reading a message board the other day. The person posting was lamenting the fact that he just lost his job. Since he had no idea that he was about to be fired, he rented a new apartment and also racked up some credit card charges.
At the time, it certainly didn't seem to be a problem; he had the income to cover his expenses and payments.
Then came the pink slip. Ouch!
He did succeed in getting another job, but his rent and credit card expenses exceed his income. He managed to relocate to a cheaper apartment but making the credit card payment left him with very little money for everything else.
It seems that many people, from Wayne County PA to Seattle Washington and everywhere in between, can claim this story as their own.
He will likely end up falling behind on his payments - and it should also be noted that if he had a low introductory interest rate, when the introduction period expires, his interest rate could go to 19% or higher (I have heard that some are paying as much as 32%?). The nasty thing here is that with the interest rate going higher, so will his monthly payment. ... more

__________________________________________________
Are you on The Rain? Grow Your Network!