Are you afraid of missing a mortgage payment and on a variable loan? Are you worried about interest rate increases? Are you worried about losing your job, getting sick, or possibly getting into an accident and you cannot work? Who is going to pay that mortgage? Are you in constant fear that your family may not have a roof over their head in the future? Are you concerned that all that hard work may be taken from the bank?

Are you worried that you will become upside down in equity to loan balances if the real estate market crashes in your area? Well rest assured you are not alone. Due to the American consumers thirst for instant gratification and charging up huge credit card bills many Americans are now trapped in debt. Working as hard as they can to make ends meet, with high-interest credit card debts and car loans and various other payments which are causing them to be over 1.7 times annual income in short term debt. Not including their mortgage.

If you are one of the many Americans who are in debt and afraid for mortgage payment increases, which will cause you to have your credit rating destroyed you should be afraid as you have yourself to blame. If we get a business cycle downturn millions of Americans will lose their jobs and be out of money within 2.2 months and then lose their homes as well. Fear for fear sake is not necessarily good thing but if you are afraid you will not be able to make your mortgage payments your fears are fully justified indeed. Think on this.