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Mortgage Professor about mortgage debt consolidation: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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... 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... |
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mortgage debt consolidation related definitions |
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Cash-Flow
Cash-Flow The amount of cash derived over a certain period of time from an income-producing property. The cash flow should be large enough to pay the expenses of the income producing property (mortgage payment, maintenance, ... more... Buy-Down Buy-Down When the lender and/or the home builder subsidized the mortgage by lowering the interest rate during the first few years of the loan. While the payments are initially low, they will increase when the subsidy expires. ... more... |
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More about mortgage debt consolidation Do You Need a Debt Consolidation Loan? Consolidate Debt With A Home Equity Loan Bill Consolidation Loan Tips How Debt Consolidation Works Bad Credit Debt Consolidation Mortgage Loans Debt Consolidation Home Equity Loans Lower Bills and Improve Credit Score Remortgage to Restart the Mortgage Cycle on Fresh Terms Reduce Debt - How to Prevent Bankruptcy ByReducing and ConsolidatingYour Debt Bankruptcy - 5 Ways to Avoid Bankruptcy Consolidating Credit Card Debt with a Home Equity Loan
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