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2. Mortgage - Wikipedia

   en.wikipedia.org/wiki/Mortgage

   A mortgage loan or simply mortgage (/ ˈ m ɔːr ɡ ɪ dʒ /), in civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged.

3. Mortgage law - Wikipedia

   en.wikipedia.org/wiki/Mortgage_law

   A mortgage is a legal instrument of the common law which is used to create a security interest in real property held by a lender as a security for a debt, usually a mortgage loan. Hypothec is the corresponding term in civil law jurisdictions, albeit with a wider sense, as it also covers non-possessory lien.

4. Household debt - Wikipedia

   en.wikipedia.org/wiki/Household_debt

   Household debt in Great Britain 2008-10. Household debt is the combined debt of all people in a household, including consumer debt and mortgage loans.A significant rise in the level of this debt coincides historically with many severe economic crises and was a cause of the U.S. and subsequent European economic crises of 2007–2012.

5. Average mortgage debt in 2024 - AOL

   www.aol.com/finance/average-mortgage-debt-2024...

   The average mortgage debt balance per household was $241,815 as of Q2 2023, a 4 percent increase from 2022.. The average mortgage balance exceeds $1 million in 26 U.S. cities, including 18 cities ...

6. Here's How Much Debt You Can Have and Still Get a Mortgage - AOL

   www.aol.com/heres-much-debt-still-mortgage...

   For example, if your pre-tax monthly income is $8,000 and your mortgage payment is $2,000, you have a front-end ratio of 25% (meaning that your mortgage consumes 25% of your income).

7. Should you pay off your mortgage before a recession? - AOL

   www.aol.com/finance/pay-off-mortgage-recession...

   While interest rates today are higher than they were in 2020 and 2021, compared to other types of debt, the long-term nature of a mortgage can be an asset to your financial health.