Sentences with phrase «about mortgage debt»

What if we're talking about mortgage debt, with its tax - deductible mortgage interest?

You shouldn't worry too much about your mortgage debt because it too is considered good debt.

My basic point is that I think there are some ideas ingrained in many of us that are outdated and cloud are ability to think about mortgage debt in an analytical way.

Not exact matches

If mortgage interest rates were higher, paying down this debt would make more sense, but with rates at about 4 percent, investing that money could yield a higher rate of return.

«If you want to get serious about controlling debt and house prices, double the down payment requirement on CMHC - insured mortgages in the overheated areas, or tie it to the size of the mortgage issued.»

Outstanding consumer debt (medical, mortgage, credit card, student, auto, etc.) in the U.S. is well over $ 2 trillion, so this isn't about erasing all debts, no matter how successful the jubilee is.

That is, when debt service ratios are calculated using the discounted mortgage rates actually charged by banks (about 125 percentage points below posted rates), the average Canadian homeowner is paying just 25 % or so of income on mortgage payments, far below the 32 % benchmark used for mortgage - insurance qualification.

Poloz also refused to be drawn on Home Capital, saying he wouldn't talk about an individual company, although he did reiterate that record levels of mortgage debt represent one of the Canadian economy's biggest vulnerabilities.

(Residential mortgage credit reliably accounts for about two - thirds of total household debt; the rest is composed of lines of credit, credit card and other consumer debt instruments.)

But yes, I'd like to be reading about you finally paying off that last bit of mortgage debt while I'm sitting on the beach sipping lemonade later this year.

So at age 45 I find I am worth about $ 500k and my only debt is a 4.25 % mortgage that I already have about 50 % equity in a $ 308k house.

Today we'll also start taking complaints about debt collection problems related to any consumer debt, including credit card debt, mortgages, auto loans, medical bills, and student loans.

The Regional Household Debt and Credit Snapshot includes data about mortgages, student loans, credit cards, auto loans and delinquencies for New York City and its boroughs, as well as various metro areas in New York State, northern New Jersey and western Connecticut.

About 90 % of Latvian mortgage debts are in euros, and most are owed to Swedish banks or their local branches.

But in Toronto or Vancouver where mortgages already eat at least half family income, a 2 % rate jump would see debt charges consuming about two - thirds of their earnings.

When applying for a traditional mortgage loan, lenders usually prefer for your debt - to - income ratio (the money you use to pay off debts each month divided by your monthly income) to be below about 36 %.

I'm actively looking at my debt and determining if it makes more sense to pay down mortgages (locking in a guaranteed ~ 4 % return) or investing in bonds (~ 1 % returns if held to maturity) or stocks (uncertain, but I just wrote an article about the current PE ratio and the inevitable reversion to the mean and I believe we are likely headed for 10 years of low single digit returns).

The Household Debt and Credit Report provides an updated snapshot of household trends in borrowing and indebtedness, including data about mortgages, student loans, credit cards, auto loans and delinquencies.

While the level of mortgage arrears is still low by historical standards, a rising debt - service ratio could signal that's about to change.

Key information about the specific mortgages was lost in the process of securitizing mortgages in the first place, and then later repackaging these mortgage securities into collateralized debt obligations (CDOs) and CDOs - squared.5 In addition, the complexity of the securities meant that it would be difficult to understand the risks even if an investor had access to all of the relevant mortgage - level information.

I just had a question about how paying off debt other than your mortgage factored into your plan over the past 15 years.

This he presents unequivocally as good news, since it suggests an easing of high, mortgage - driven household debt levels that have been among Carney's more acute longstanding concerns about the Canadian economy.

I've still got about $ 1,092,000 in mortgage debt to pay down between my vacation property and my primary residence.

I'm shooting for about $ 2M in debt on those 19 mortgages.

«Unlike the average American — wallowing in credit - card debt, clinging to a mortgage, terrified of the next downsizing at the office — he isn't worried about the economic crisis.

Paying off our mortgage last week has gotten us thinking a lot about debt, and how differently we all think about it — but also how we * feel * about it.

As long as investors aren't too concerned about the risk of capital losses - that is, as long as investors are in a risk - seeking mood (Iron Law of Speculation), a mountain of zero - interest hot potatoes will also embolden investors to chase yield further out on the risk spectrum, for example, in junk debt, stocks and mortgage securities.

We just talked about how mortgage lenders will verify income and debt levels.

To understand why, we have to talk about credit scores and debt ratios — both of which are very important during the mortgage application process.

U.S. households use about 8 % of their income to either pay off debt, or increase savings — or sometimes both at the same time, as in the typical case of a mortgage payment.

I actually think something else is going on here — rather than talking about regulating the financial sector, the government and the Bank are signaling that they are willing to provide lender - of - last - resort assurances to those who sell or engage in derivative financial products, of which the asset - back mortgage and commercial debt are but two examples.

Any initial conversation with a broker or loan officer should include specifics about what you want in a mortgage — as well as what you're bringing to the table in terms of down payment, debt - to - income ratio and credit score.

The Strategic Growth Fund and Strategic International Equity Fund remain tightly hedged here, but it bears repeating that our defensiveness at present is not driven by valuation considerations alone, nor by our broader concerns about underlying debt and mortgage conditions.

The best part of my expenses is that a big portion is actually debt paydown (about $ 800 in mortgage and $ 700 car loans).

What about very long - term debt like mortgages and student loans?

The debt pile, he said, has been growing for three decades in both absolute terms and when compared to the size of the economy — and about $ 1.5 trillion of it currently consists of mortgage debt.

One would hardly realize that the problem facing U.S. industrial employment is that wage earners must earn enough to pay for the most expensive housing in the world (the FDIC is trying to limit mortgages to absorb just 32 per cent of the borrower's budget), the most expensive medical care and Social Security in the world (12.4 per cent FICA withholding), high personal debt levels owed to banks and rapacious credit - card companies (about 15 per cent) and a tax shift off property and the higher wealth brackets onto labor income and consumer goods (another 15 per cent or so).

That not only includes mortgages, it includes just about any type of debt that be made less expensive through refinancing, such as student loan debt, credit card debt and auto loan debt.

Typical American wage earners pay about 40 percent of their wages on housing whose price is bid up by easy mortgage credit, and another 10 to 15 percent for credit cards and other debt service.

It's Peter Selby's re-issued Grace and Mortgage and it asks profound questions about what our message is to a culture in bondage by debt, who Jesus is for this culture, and with whom we are called to stand in solidarity.

For what it's worth, I've been debt - free (apart from a mortgage, which I can't realistically get rid of) for about four years now, and I think it's one of the best things I've ever done for my mental and spiritual health.

Equally remarkably, when Harold Macmillan as new prime minister in July 1957 told the British people that they had «never had it so good», the size of the government debt at that time was 120 % of GDP, far far higher than the debt ratio of about 70 % in 2010 when Gordon Brown was accused of mortgaging Britain's future by profligacy.

If you have questions about your score, you have the legal right to ask for your credit report, which includes all the information that goes into the score, including your record of mortgage and utility payments, your total debt and the percentage of available credit you're using.

Call it the unintended consequence of debt - free living: with no visible evidence that you've managed credit accounts in the past, mortgage lenders become (rightfully) nervous about your ability to repay on a loan — there's no history for them to go on.

The first tweak appears to be a marginal change because the differential between a 3 - year rate (that is currently used to determine debt service ratios) and a 5 - year fixed - rate mortgage is only about 0.5 %.

Right now, the average Canadian household spends about 14 per cent of its disposable income to pay down debt, including mortgage principal and interest.

Today on Debt Free in 30 I talk with mortgage agents Michael Smele and Bev Gay about whether it's possible to buy a house after, or even during, a personal bankruptcy or consumer proposal.

To understand why, we have to talk about credit scores and debt ratios — both of which are very important during the mortgage application process.

Mortgages tend to make up 63 per cent of the total, consumer debt 29 per cent, and non-mortgage loans and trade accounts payable are each about eight per cent.

We just talked about how mortgage lenders will verify income and debt levels.