Working with a mortgage company to refinace my home and the agent keeps telling me not to worry, we will close guarnateed. Now after a month and we still havent closed, we havent made a house payment in 2 months because he told us not to, and now the loan may not close because we are late with the mortgage payment. What do we do?

What is used to calculate the 31% for mortgage restructuring?
My actual mortgage payment is less than 31% of my monthly income, however, my mortgage plus escrow is greater than 31%. Which counts?

I know that a 30 year mortgage makes the monthly payments less which is more affordable but you end up paying more in interest. I’m planning to buy a house but not until years from now. I just like to be aware so that I know what I’m working for. I want to save and know what to expect. What about paying more on the mortgage payment, in that case is it best to get a 10, 15, 25 year mortgage or 30 year? It’s confusing to me.

For example if my 1st mortgage is 00 per month and i charge a rental income of 00 per month, is it a wash? Or do i get the 00 rental income added to my gross monthly income and have the 00 mortgage payment added to my monthly liabilities?

I have a standard 30 year fixed rate mortgage at around 5%. I am planning for an early mortgage payoff. I am wondering if I should pay the minimum mortgage payment and save my extra cash until I can pay the mortgage off in one lump sum 9-10 years from now or make smaller monthly payments.

I live in Illinois and I make just a little over 20,000 dollars a year. How expensive of a house can I expect to afford comfortably? What kind of down payment is ideal? And what would be an average monthly mortgage payment?