Mortgage Debt

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Mortgage Debt

The balance still owed on a mortgage. One's level of mortgage debt compared to his/her equity or other assets may determine how much he/she can borrow. See also: Refinancing.
References in periodicals archive ?
Rock bottom mortgage rates and poor returns on savings have made it more attractive for people to use any spare cash they have to pay down their mortgage debts.
4 billion off their mortgage debt in the second quarter of this year, as ultra-low interest rates helped them to pay down what they owe.
Dr Archer questioned the Bank's analysis that there was little sign that families are generally making an active effort to pay down their mortgage debts more quickly.
LONDON, OCT 3, (KUNA) -- Britons reduced their mortgage debt by 9.
NEARLY a quarter of homeowners in the UK do not have cover to pay off their mortgage debts in the event of their death it is claimed.
Londoners are the least likely to have term assurance (30 per cent are not covered) while Scots are the most likely to have organised cover to pay off mortgage debts, with just 14 per cent not covered.
Homeowners have refinanced mortgage debts through a wide range of financial institutions, although commercial banks and savings institutions (savings and loan associations and savings banks) have been the predominant sources of funds (table3).
There is also considerable variation across regions in the proportion of mortgage debt holders who have refinanced their home loans.
SNH purchased the 10 communities free and clear of all mortgage debts.
9 million of which was used to repay mortgage debts ($89 million of which were scheduled to mature in 2002) and fund escrow and transactions costs.
4 billion off their mortgage debt in the second quarter of this year, as ultra low interest rates helped them to pay down what they owe.
4 billion off their mortgage debt in the second quarter of this year as ultra low interest rates helped them pay down what they owe.

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