![]() ![]() ![]() ![]() ![]() ![]() |
||
Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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... |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage debt related definitions |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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... |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
More about mortgage debt The 5 Secrets You Must Uncover to Pay Off Your Mortgage in the Shortest Possible Time Mortgage Terms Explained Five Hot Tips To Get Out Of Debt Forever Dangerous Debt Consolidation Loans 14 Common Credit Mistakes Remortgages: Reaping Benefits on Expertise of Mortgage Bad Credit Debt Consolidation Mortgage Loans Life After Divorce- Surviving Financially Debt Consolidation - Consolidate Your Loans Through A Home Equity Loan Bad Credit Mortgage Refinance - Should I, Shouldn't I?
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|