Mortgage

[karm43]

I pay my mortgage every 2 weeks it is through a speacial company that I gain equity they initially charged me a fee then I pay a fee every month 28.00 I also pay like 40 extra this makes my mort shorter. Will they allow this if I file chap 7 or 13? Been in this program for long time, however the extra pays when 5 weeks I still pay mortgage.

[justbroke]

Maybe. This will entirely depend on whether you are in arrears and/or whether you are required to pay your mortgage through the Trustee. If it's through the Trustee, the Trustee will only send one check per month. Additionally, the fees that you pay are not "valid" expenses.

In many cases, $68/month (the amount in fees and additional principal that you pay) amount to over $4,000 in money that could be diverted to pay unsecured creditors. I don't see you being allowed to do this if you must pay through the plan. If you are going into a Chapter 13, you should consider stopping this practice anyhow. Your budget will likely be tight enough, without having to take $68/month off the table.