A computer implemented method and system is provided for aligning multiple overlapping images in real time using translation invariant feature matching. A user captures overlapping images comprising a first image and a second image using one or more image capture devices. An image aligning application determines one or more local maxima pixel points and local minima pixel points in the first image and the second image based on predetermined statistical criteria. The image aligning application performs iterative intra image correlation in the first image for selecting a predetermined number of feature points. The image aligning application performs iterative inter image correlation for the selected feature points, for determining a predetermined number of best correlated feature point pairs, and selects a matching feature point pair from the best correlated feature point pairs. The image aligning application aligns the first image and the second image using the selected matching feature point pair.