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Social and scientific progress are assured, sir, once our great system of postpossession payments is in operation, not the installment plan, no sir, but a system of small postpossession payments that clinch the investment. No possible rational human wish unfulfilled. A man with a salary of fifty dollars a week can start payments on a Rolls-Royce, the Waldorf-Astoria, or a troupe of trained seals if he so desires.
—John Dos Passos (1896–1970)
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Making Your Mortgage Payments On Time? Doesn't Mean Your Safe From Foreclosure ... To facilitate the tracking of our payments, we need monthly statements providing us the breakdown of principal, interest and escrow payments applied monthly. Many consumers complain that the use of payment coupon books is exacerbating mortgage servicing errors, negligence and fraud...
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In A Fix: Unsurprising Mortgage Payments You Can Count On ... Despite that, mortgages can be the cause of much stress and aggravation. If you've chosen an adjustable rate mortgage, market fluctuations can send your interest payments soaring to the point that you're not sure how to cover your monthly payments...