if 800dollars goes to the interest and 35dollars to the pricipal whats wrong with this picture. Iv been paying for almost 5 years do the math. Im discussded i rather just pay rent

yes there are. but beware. they prey on people in this situation by charging extremely high rates. you could end up with a mortgage worse than what you have now. the ideal mortage loan is a "fixed rate" loan (payments always the same for the life of the loan) with a decent interest rate. this is the best position to be in as far as mortgages go. the interest is always paid up front with only a small amount going towards the principal and this is normal. as the interest is paid down the amount applied to the principal goes up. this is the way it is and there's no getting around it.

having said this, depending on your present loan you may want to keep it rather than refinancing. but if you want to get out of the responsibility and expense of owning your home you may want to sell it. few 1st time homeowners know there are so many other expenses involved in owning a house besides the mortgage payment. but before you make the decision to sell, check into what rents are costing in your area. it may be worth it to stay where you are and perhaps get a roomate or something.

you could also consider leasing it out and using a property management company (some real estate offices do this) to interview tenants and collect rent for you. they usually charge on months payment per year but it is well worth saving you the hassel. you really do have a few options here. i wish you luck with your decision.

Don't lose hope if you're looking to buy a home. There are so many different ways to fund a home now, just about anyone with any kind of credit can get into a home, regardless of credit situation.

Of course, some will cost you more money in the long run, but a home it's still one of the best investments that you can make, so, in many cases, it's worth it, especially for the first year of ownership.

You should shop around, and ask different lenders what kind of programs they have, and if they can help. Try to find a lender that specializes in bad credit mortgages. You can find some bad credit mortgage lenders listed on this page on and off:

http://www.axalda.info/bad-credit-mortgage.html

Don't lose hope if you're looking to buy a home. There are so many different ways to fund a home now, just about anyone with any kind of credit can get into a home, regardless of credit situation.

Of course, some will cost you more money in the long run, but a home it's still one of the best investments that you can make, so, in many cases, it's worth it, especially for the first year of ownership.

You should shop around, and ask different lenders what kind of programs they have, and if they can help. Try to find a lender that specializes in bad credit mortgages. You can find some bad credit mortgage lenders listed on this page on and off:

http://www.axalda.info/bad-credit-mortgage.html

Don't lose hope if you're looking to buy a home. There are so many different ways to fund a home now, just about anyone with any kind of credit can get into a home, regardless of credit situation.

Of course, some will cost you more money in the long run, but a home it's still one of the best investments that you can make, so, in many cases, it's worth it, especially for the first year of ownership.

You should shop around, and ask different lenders what kind of programs they have, and if they can help. Try to find a lender that specializes in bad credit mortgages. You can find some bad credit mortgage lenders listed on this page on and off:

http://www.axalda.info/bad-credit-mortgage.html