1.   So much income is devoted to monthly mortgage payments that nothing is left over.

2.   Although refinancings usually cause a surge in spending, consumers growing more cautious in the uncertain climate may instead choose to pay down debt or reduce monthly mortgage payments.

3.   And falling rates have set off a new round of mortgage refinancing, which means that families are borrowing more against their homes without raising their monthly mortgage payments.

4.   A decline in the index, called COFI, increases the amount of spare cash available to homeowners with adjustable-rate mortgages by reducing their monthly mortgage payments.

5.   A form that advises the borrower that the lender may transfer the right to collect monthly mortgage payments to another lender or to a mortgage servicing company.

6.   A rise in the index, called COFI, reduces the disposable income of homeowners who have adjustable-rate mortgages by increasing their monthly mortgage payments.

7.   After that, there was nothing but a small, monthly Social Security check that barely covered the monthly mortgage payment.

8.   But they decided that a down payment and monthly mortgage were beyond their means.

9.   Deposits into an escrow account are included in the monthly mortgage payment.

10.   Even residents of Orange County, Calif., and San Diego pay higher monthly mortgages than Bostonians.