Kathy

Rut

Housing/Rent

I moved into my home in 2006, a one level house right after my husband's hip surgery.I was employed in Sales for a large home building contractor.The housing market collapsed and the builder cut staff. I fought off foreclosure twice.In June my husband passed away, and I lost 30% of our income. I asked for a reduction on the interest rate but was turned down.Based on gross income I should be able to pay the mortgage, but in reality I'm cutting on food to make ends meet. There are 2 abandoned properties on my street.
I want to know why mortgages are based on GROSS income and not NET? why do they count money I never get?

19 Vernon Dr., Chambersburg, PA 17202