HELP!! Filling out the Credit App Question?

[monalisa1107]

What do I put when it is asking if you Own or Rent, and How much is your Rent/Mtg payment? My situation is I am in foreclosure with my house and I am not paying anything for rent or mortgage. Do I put $0.00, or do I put what I was paying on my mortgage $700. I don't want to lie or anything on the application but I'm just not sure what to put in!! Thanks for any info. It's for a Cap One app online.

[Anonymous]

---

monalisa1107 wrote:
What do I put when it is asking if you Own or Rent, and How much is your Rent/Mtg payment? My situation is I am in foreclosure with my house and I am not paying anything for rent or mortgage. Do I put $0.00, or do I put what I was paying on my mortgage $700. I don't want to lie or anything on the application but I'm just not sure what to put in!! Thanks for any info. It's for a Cap One app online.

---

I would state the amount you were paying.

[nicemann]

Speaking of that....when you own the house....is everyone putting in the full amount they pay each month the the mortgage company, or just the principal and interest.  For example if I only did those two it would be $280 less because of my escrow account.

[MattH]

---

@nicemann wrote:

Speaking of that....when you own the house....is everyone putting in the full amount they pay each month the the mortgage company, or just the principal and interest. For example if I only did those two it would be $280 less because of my escrow account.

---

Well, I've only applied a couple times since we bought this place, but when I did I put the full PITI amount (principal, interest, insurance, & taxes) because I believe that is the right way to do it.

[jmbfl]

I would not include insurance, excepting possibily mortage insurance. (I especially would not since I live in coastal FL. Property insurance very high - no mortgage insurance.)