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Mortgage Professor about mortgage debt: | |||||||||||||||||||||||
Pros and Cons of Debt Consolidation
May 6, 2002 "I have two mortgages plus a lot of short-term debt with high interest rates. Because my house has appreciated substantially in recent years, I?m sure I can save money by consolidating the short-term debt into one of my mortgages, but which one?" I ... more... Consolidating Debt With a New Purchase Mortgage November 22, 2004 Some home buyers try to kill two birds with one stone by consolidating their debts in the new purchase mortgage. Usually this is not a good idea, as in the case illustrated below. "I have $30,000 in cash for a down payment on the $300,000 house ... more... |
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mortgage debt related definitions |
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Lien
Lien A claim upon a piece of property for the payment or satisfaction of a debt or obligation. A mortgage is a lien against a house. A lien affects the ability to transfer ownership. ... more... Amortization Amortization Means loan payment by equal periodic payment calculated to pay off the debt at the end of a fixed period, including accrued interest on the outstanding balance. Fixed rate 30 year mortgage is fully amortized in 30 years loan. Some ARM loan products ... more... |
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More about mortgage debt Debt Consolidation with Mortgage Refinance Mortgage Debt Elimination Debt Consolidation Mortgage: Home Solutions for Integrating Arrears Debt Consolidation Mortgage Loan - Pros and Cons Lower Bills with Debt Consolidation - Refinancing vs Home Equity Loan The Debt Test: Are You Making Out a Mountain Out of Your Mortgage? Debt Consolidation Mortgage - Decode Its Apparent Complexity Debt Consolidation Mortgage Loans - Using Home Loans to Reduce Debt Mortgage Debt Elimination in 5 to 7 years! Debt Management Plans Suggesting Ways to Survive the Quagmire of Debts
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