Debt Consolidation Articles

Here you will find a few selected articles on debt consolidation, loans and mortgages. All of them are top quality, but still simple to understand.

They are written to give normal people like you and me more understanding of something that usually seems a bit complicated.

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We start with a great explanation from my favorite encyclopedia, Wikipedia:

“Debt consolidation entails taking out one loan to pay off many others. This is often done to secure a lower interest rate, secure a fixed interest rate or for the convenience of servicing only one loan.

Debt consolidation can simply be from a number of unsecured loans into another unsecured loan, but more often it involves a secured loan against an asset that serves as collateral, which is most commonly a house. In this case a mortgage is secured against the house. The collateralization of the loan allows a lower interest rate than without it, because by collateralizing, the asset owner agrees to allow the forced sale (foreclosure) of the asset in order to pay back the loan. The risk to the lender is reduced so the interest rate offered is lower.”

Read the full article here:

Debt Consolidation Article

On that page you also find a great article on Student loan consolidation.

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 debt consolidation

Here are the list of articles.

Mortgage Glossary of Terms

A brief list of some of the most common Mortgage terms.

Debt Consolidation - Is It Really The Best Option For You? By Roy Thomsitt

It is a very common question that people pose to themselves across the English speaking world: should I consolidate my outstanding debt? There is no single answer to this question, as no two people have identical finances and other personal circumstances. There are also other factors that come into play that can affect the right or wrong of your decision.

Student Loan Consolidation by Terje Ellingsen

Student loan consolidation is one of the most used methods for reducing and working off student debt. If you want to consolidate debt, whether it’s a student loan debt or not, you have to follow a certain process. However, this process is easy to follow and will absolutely not require big efforts from your side.

Types of Home Equity Loans By Joseph Kenny

Home equity loans are a way of using the money that you've invested in your mortgage by borrowing against it. Essentially, a home equity loan is a 'second mortgage' - a loan secured by your property. If you don't make good on your payments, the lending company or bank can force the sale of your house to recover their money.

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debt consolidation
 debt consolidation