Sentences with phrase «as a second mortgage owed»
Currently at record high levels, BCHP funding will increase debt for many home buyers who take advantage of this program, as it will serve as a second mortgage owed to the British Columbia Housing Management Corporation.
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By the end of 2009, student debt eclipsed credit card debt as the second - largest type of debt owed by American households, after mortgages.
The number of home owners who owe more on their mortgage than their home is currently worth has dropped from 12.1 million to 7.1 million as of the second quarter of 2013, according to the latest housing scorecard from the Obama administration.