Consumer Advocate Harj Gill has released a financial software program that is essentially designed to tell you what month you would lose your home and family would go into default as interest rates rise and cash flow becomes insufficient to meet the increased payments. Of course this based on variables that you have entered into the program such as mortgage info, income, regular expenses and current debt. I do not know how effective this would be if those variables stayed the same. If you have information about six months ahead of time that your job was going to be cut and began looking for other employment, there is a chance the income variable would change either more or less money. If it was less, then you have time to develop even a more effective contingency plan even before utilizing the software. If anyone gets this software and tests it out, let us know how it works.
