Once you have missed a payment the lender is not your friend.  Missed payments equal more money for the lender.  The more the lender gets, the happier he is.  The best way for the lender to get more money out of you is to increase your monthly payment through accrued interest from late payments or missed payments, late fees and penalties.  It is a real money maker for the lender.  This has always been a fact and all homeowners know it and accept it. View full article »