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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 How To Get Out Of Credit Card Debt 8 Tips for Keeping More of Your Hard Earned Money Debt Consolidation Loans Buying a House? How Much Home Can You Afford? Is Your Credit Ready to Take on a Mortgage? Debt Consolidation Refi Loans - Eliminate Debt with a Mortgage Refinancing Credit Card Debt Help Online Using the Internet to Consolidate Debts All You Wanted to Know of Bad Credit 10 Steps To Successful Debt Consolidation Learn How You Can Repair Your Credit & Get Out Of Debt Faster Before Buying Your New House!
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