Not exact matches
Second
mortgages come at high - interest rates
than the first loan but this is still lower
than other types of debt.
It is sensible to use a second
mortgage to consolidate
debts because it is generally cheaper
than other types of credit.
Among young households whose heads lack at least a bachelor's degree, student debtors are more likely
than those without student
debt to owe on vehicle loans, credit card
debt and
other types of debt and are just as likely to have a
mortgage and
other installment
debt.
Not surprisingly, a higher percentage
of respondents reported having
mortgage debt than any
other type of debt.