Mortgage Debt

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 ?
STRUGGLING homeowners who get mortgage debt relief could be hammered with a tax bill, it was warned yesterday.
Clair, Macomb MI distressed homeowners will soon no longer be able to take advantage of the Mortgage Debt Relief Act.
Borrowers reduced their outstanding mortgage debt by pounds 7bn during the three months to the end of December, the Bank of England said.
However, under legislation that took effect in 2007, certain home mortgage debt cancellations -- such as through loan modifications, short sales or foreclosures -- may be exempted from tax treatment as income.
Housing equity, which measures how much homes are worth minus outstanding mortgage debt, has also soared during the period.
Housing equity, which measures how much homes are worth minus any outstanding mortgage debt, has also soared during the period.
The poll for The One Account found that because of the scale of mortgage debt in the UK, people are putting off saving for their future and could be jeopardising their financial well-being in old age.
The 264-unit/924-bed community was acquired for a purchase price of approximately $36.85 million, including the assumption of approximately $28.0 million in existing 10-year, fixed-rate mortgage debt of 5.57% on the property.
There were significant changes in the mix of the holders of multifamily mortgage debt in the 1990s.
This is a reasonable argument if outside factors are considered to determine influences on the creditor to accept a lesser amount than the face value of the seller-financed mortgage debt. The Court of Federal Claims rejected this decision, determining that it was diametrically opposed to the reasoning in Franklin, and concluded that when economic substance was lacking from a transaction, debt could not be recognized in whole or in part.
For example, two-thirds of the home-owning families in the Western region of the country have mortgage debt, while only half of those in the South and in the North Central region have such an obligation.
Three-quarters of the Dutch mortgage debt is in the hands of banks

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