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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...

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

Stopping Foreclosures
If you as an investor understand the process, you will be able to help more people!Foreclosure is tuff on folks it's all about losing!Your customer loses their home and the lender loses money!If you can get your focus going in the right direction, you can create a Win - Win scenario for all ... more...

Credit Card Debt: Repair After Bankruptcy
Ah, credit card debt. You've asked yourself the question many times, "Will I ever get credit again?" The answer, although seemingly complex, is quite simple: Yes. You can have another chance at re-establishing your credit. Filing bankruptcy is the first intelligent step taken to wiping out ... more...

Business Ownership, Cash in Your Pocket - Today!
Yesterday we learned that 74% of all wealth is created by people who own their own business. Below are a few facts about owning your own business, specifically a home-based business that you may not be aware of.Fact: The fastest growing segment is home-based businesses.Fact: A new home-based ... more...

Debt Relief with this Simple Formula
Is there a way to get out of debt without getting a second job or having to increase your income in some way? Can the average person take his or her current income and pay off his or her bills in a matter of a few years, including the car and mortgage payments?The answer is YES!!! You can do it ... more...

Will a 1031 Property Exchange Solve Your Problems?
If your problem is listed below, a 1031 exchange may or may not be your solution.1. Are you a landlord that doesn't want to manage property anymore?2. Do you want to sell your investment property, but don't want to pay huge amounts of Capital Gains Tax?3. Is your current income property not ... more...

Why Choose a Personal Secured Loan?
Listed below are some of the many reasons why choosing a personal secured loan makes good sense. Personal secured loans are also commonly known as a homeowner loan. This type of loan is essentially an amount that is secured against property as collateral.A personal secured loan is a loan which is ... more...

Solutions to Single Mothers in Debt
As a single mother, lets admit it, times get tough. You are fortunate enough to have your children that mean the world to you, but it doesnt come cheap. Of course youd do anything to keep them safe, even if that means struggling financially to support their well being. Debt can get out of hand ... more...

How To Check Your Credit Rating and Know Its Affect On You
You may not know it, but every time you take out any kind of loan or credit or pay something back, it gets counted on your credit rating. Who keeps a record on you will vary according to where you live, but the big three credit reference agencies are Experian, Equifax and Trans Union. They will ... more...

There's More To Making Money Than A Tertiary Education
An education of some sort is a prerequisite these days if you want to start a secure career in whatever field you choose. However, have you thought about where this will get you exactly? Will it help you achieve all your dreams in life, both financial, physical, emotional etc?This article is ... more...

Repairing Credit Essentials
There are essentials to repairing your credit and building your history. It depends on your situation, but in most cases you can find a way out of any debt situation. Debt relief is a stressful situation.When times are hard the last thing we need is to add more stress to our lives. Therefore we ... more...


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