When the document arrived, he happily brought it to me to confirm the contents, only to have me explain that it was a statement demanding full mortgage payment and not a loan modification approval letter.

WHITEHOUSE: Champions of Change Blog

Exacerbating the problem is that as home prices have decreased, many lenders have increased the down-payment amount required to obtain a mortgage loan.

FORBES: Down Payment on Home Out of Reach for Half of U.S., Poll Finds

They want to repeal reforms that will finally protect hardworking families from hidden rates and penalties every time they use a credit card, make a mortgage payment, or take out a student loan.

WHITEHOUSE: Weekly Address: Crossroads on the Economy

Despite the widespread defaults of recent years, the firm had only one mortgage sourced from PCG miss a payment and not a single loan to an investment banking client was delinquent.

FORBES: Raymond James Not Missing A Beat Under Reilly

Others responding to the survey indicated that their mortgage loan would either have to require a much lower down-payment (20 percent), or they would have to borrow the down-payment regardless of how much it was (18 percent).

FORBES: Down Payment on Home Out of Reach for Half of U.S., Poll Finds

On page two of that four page loan application, in the upper right hand corner is the proposed monthly mortgage payment.

FORBES: The Great And Powerful New Ability-To-Repay Rule

When estimating your mortgage payment, make sure to use mortgage rates for your specific area, loan amount and credit score, rather than national averages, which may not apply to your situation.

FORBES: Rent Ratio Tells You Whether Renting Or Buying Is The Better Deal