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Pros and Cons of Mortgage Prepayment by Seniors
May 10, 1999 Whether or not seniors should prepay their mortgages depends on a range of circumstances that vary from case to case. These include their total wealth, age, and tolerance for risk. The two cases that follow are illustrative. "I have $30k remaining on my 8% ... more...

Take Mortgage Advice From Planner?
November 19, 2001 "I am being pressed by my wife to refinance our current mortgage to consolidate some of our debts, based on the recommendation of a major lender who has prepared a detailed financial plan for us. The plan is attached. As you can see, we are in something of ... more...

pay off debt related definitions

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...

Credit Score
Credit Score A single numerical score, based on an individual's credit history, that measures that individual's credit worthiness. Credit scores are as good as the algorithm used to derive them. The most widely used credit score is called ... more...

More about pay off debt

Finding a Loan With Bad Credit
No matter what your credit history is the simple fact is that at some point in your life you will need a loan. If you have a few black marks on your credit report and you are feeling that your bad credit will not enable you to qualify for loans, do not feel despair because there are banks that will ... more...

How To Stretch Your Student Loan
If youre considering going to university, there is a strong chance that youre also contemplating taking out a student loan to fund your university expenses. Student loans dont have to equate to student debt and if you plan your finances, it is possible to get by without student loans and possibly ... more...

Debt Reduction Help - Consolidating Your Debt With a Loan
The average household has approximately $9,000 in consumer debt. With high interest rates, and monthly minimums barely covering finance charges, it's no wonder that millions of Americans are getting deeper and deeper into debt. Everyone is likely familiar with an estimated credit card payoff. If ... more...

Loan: Secured or Unsecured?
Loans are part of life for most people. Maybe you dont realize it, but your credit card is a form of loan just like your home or your car. But there is one big difference! Your home loan and car loan are secured with a tangible, valuable piece of property you can sell or surrender in the event that ... more...

Auto Loan Deals Are Not Always As Sweet As They Seem
Choosing the right auto loan is an important financial decision, and one fraught with potential risks for unwary credit consumers. Anyone planning to take out a loan to buy a new or used vehicle should shop around for the best deal, read the fine print on any loan plan they are considering taking ... more...

Get the Facts Before You Borrow: Payday Loan 101
In the current economic climate, alternative means of obtaining money to make ends meet are becoming increasingly necessary. Some alternatives include borrowing money from friends/relatives; cash advances from employers; pawning personal effects and payday loans. Also known as a check/cash ... more...

Is A Student Loan Consolidation Or Federal Student Loan Consolidation Right For You?
With the cost of education going through the roof, going to college can be very costly. Many students dont have thousands of dollars to pay their way through college. This is why so many college students use student loans and federal student loans to get themselves through college. When it comes ... more...

Student Loan Consolidation - How To Get The Best Rates And Plans?
Student loan consolidation can have many benefits for the career minded student. With the prices of things going through the roof, going to college can be very costly. Many students dont have thousands of dollars to pay their way through college.This is why many college students use student loans ... more...

16.4% APR $5,000 Auto Loan...HELP!
Are you the victim of a high interest rate auto loan? If so, the following email discussion may help you. Read on:DEAR LoanResources.Net:I was very impressed with your article entitled "8 Point Checklist, Evaluating Online Lenders."I have tried several sources to refinance my auto. I only have 2 ... more...


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