Several strategies have proven to shorten the length of a mortgage debt, these are, simply pay more, refinance with a shorter-term mortgage, switch to bi-weekly payments and use money merge accounts.
No. You are in debt as much as you still owe on the mortgage.
No. A federal debt is a debt that is owned to the federal government. A home mortgage is a debt that is owed to the lending agency, be it a bank, a mortgage company, etc.
Generally YES. There are legitimate plans that help you manage your finances and pay your debt down faster, but any programs that promises to eliminate or invalidate your mortgage are not legitimate.
You can get a debt consolidation mortgage from mortgage brokers, commercial mortgage bankers, commercial banks, credit companies, online lenders, savings and loan associations.
If you are inquiring about debt consolidation with a second mortgage and you live in the Toronto area then you will find several online sites available. GTA-Mortages, Canada Lend, and Loans Canada are just a few of the online sites that you can access information on debt consolidation.
Mortgage debt relief is an incredibly hot topic the world over. Generally, one should look into a credit repair type company for assistance in any type of debt relief, including a mortgage debt.
To learn more more about refinancing debt strategies you can go to Gail Vaz Oxlade, Money Supermarket, Money Matters, Financial Life Strategies and Debt Eliminate.
The mortgage debt is the responsibility of the estate. The mortgage will have to be satisfied before the estate can be closed. Before anything in the estate can be distributed, the debts have to be cleared.
What happens to a mortgage after bankruptcy depends on whether or not the debt is reaffirmed. If the mortgage is reaffirmed the homeowner continues to pay it as if the bankruptcy had not been filed, since the debt has not been discharged. If the debt is not reaffirmed, what happens to the mortgage depends on the policies of the individual lender.
The term 'bad debt mortgage' implies that the borrower has applied for a mortgage and been accepted. However, the borrower has then defaulted on his mortgage payments and it is considered that they are unlikely to be able to repay the loan.
Reliable figures on the total number of people in mortgage debt are unavailable, but there is over $14 billion of mortgage debt outstanding as of 2009 (figures based on Census projection figures from 2009). A very large number of Americans face mortgage debt, but accurate estimates of total numbers are very hard to come by.
Only if they pay off the outstanding debt owed on the mortgageOnly if they pay off the outstanding debt owed on the mortgageOnly if they pay off the outstanding debt owed on the mortgageOnly if they pay off the outstanding debt owed on the mortgage