Sentences with phrase «second mortgage or a car loan»

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Just as second and third mortgage liens can be stripped from your home, the balance of a car loan can be reduced or «crammed down» to match the current market value of your car.

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The other type, installment credit, is simply a loan to pay for a car, a house, or, in the case of many second mortgages, necessary home repairs.

Information about your first mortgage, such as your monthly mortgage statement Information about any second mortgage or home equity line of credit on the house Account balances and minimum monthly payments due on all of your credit cards Account balances and monthly payments on all your other debts such as student loans and car loans Your most recent income tax return Information about your savings and other assets Information about the monthly gross (before tax) income of your household, including recent pay stubs if you receive them or documentation of income you receive from other sources

If you've already got life insurance or you've decided to buy it, you may wonder how to budget a second type of insurance, especially when you consider other monthly bills like car insurance, a car payment, a mortgage, and student loans.