What’s More Important, the Credit Card or the Mortgage Payment?

There once was a time in the not too distant past when a homeowner’s mortgage would be paid even if every other payment was made late or not at all. A current mortgage, after all, meant that there would always be a place to live.

Things have changed, and changed in a big way. Transunion reports that back in the first quarter of 2008, 4.3% of consumers held the dubious distinction of being current on the credit cards while being delinquent on their mortgages. [1]

That rate has jumped over 68% as of the last quarter of 2010, at which time 7.24% of consumers were current on their credit card bills but delinquent on their mortgages.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Full Story from The Bryan Ellis Real Estate Letter

Click here for gay realtors, mortgage lenders, and other real estate professionals.

If you have a gay real estate story that you’d like to share with us, contact us at [email protected]