Home Debtor

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Dictionary Says

Definition of 'Home Debtor'

An individual who holds a large mortgage with little or no equity in the home. The term "home debtor" is often used to describe those who will likely never be able to pay off their mortgage because of the costs associated with home ownership, such as property taxes, mortgage payments, insurance and necessary repairs.

Investopedia Says

Investopedia explains 'Home Debtor'

Unfortunately, millions of individuals fall into the category of home debtor, and with the high costs of owning a home, this term is often more appropriate than the commonly used word "homeowner." It is important for any person who is looking to buy a house to understand the underlying costs of the purchase and to ensure that they can afford to make the required payments.

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Search results for

'Home Debtor'

  • What effect did the Bankruptcy Abuse Prevention and Consumer ...

    http://www.investopedia.com/ask/answers/08/bankruptcy-abuse-prevention-act.asp
    ... At best, a debtor loses in a bankruptcy filing because his or her credit rating
    is crushed. ... $30K HELOC, 4.59%, 4.60%. $30K Home Equity Loan, 5.74%, 5.77%. ...

  • Changing The Face Of Bankruptcy

    http://www.investopedia.com/articles/pf/08/bankruptcy-act.asp
    ... also dictate that in order to qualify for chapter 7, the debtor's income for the
    last six months must fall below the median income in his or her home state. ...

  • Debt Settlement Arrangements And Your Credit Score - Investopedia. ...

    http://financialedge.investopedia.com/financial-edge/0911/Sep-8-Debt-Settlement-Arrangements-and-Your-Credit-Score.aspx
    ... paid. If it still shows as open and owing, contact the debtor to have it corrected. ...
    Current Rates. Savings Home Equity Mortgage Auto. Savings ...

  • Why are credit cards able to charge such high interest rates ...

    http://www.investopedia.com/ask/answers/08/credit-card-interest-rate.asp
    ... lending operations through that division in order to avoid tougher usury laws in
    either its own state or that of the debtor. ... $30K Home Equity Loan, 5.74%, 5.77%. ...

  • What is the history behind today's bankruptcy laws?

    http://www.investopedia.com/ask/answers/08/bankruptcy-laws-caesar.asp
    ... tools of his trade and related land; and limiting the personal liability of a debtor's
    immediate and ... Read More ». Bank Rates. Savings; Home Equity; Mortgage; Auto ...

  • Credit And Debt Management: Debt Collection And Bankruptcy ...

    http://www.investopedia.com/university/credit-debt-management/management6.asp
    ... Under chapter 7, the debtor is obligated to surrender certain assets in order ... In
    some states, your home is protected from creditors under homestead exemption ...

  • Protect Your Personal Assets

    http://www.investopedia.com/articles/pf/08/family-limited-partnership.asp
    ... This action entitles the creditor to the debtor/partner's share of partnership assets ...
    Residence Trust In addition to housing your family, your home is often ...

  • Personal Loans: To Lend Or Not To Lend?

    http://www.investopedia.com/articles/pf/09/to-lend-or-not-to-lend.asp
    ... need to be written up in the case of the death of either the lender or debtor. ... For
    example, if you're lending to help someone buy a home, you can secure the ...

  • Bankruptcy Protection For Your Accounts

    http://www.investopedia.com/articles/retirement/06/BankruptcyProtection.asp
    ... January 23 2008 | Filed Under » Bonds, Insurance, Retirement. Debt Management Feature
    Click Here Are a debtor's retirement plan assets exempt from the ...

  • 5 Ways To Avoid Foreclosure - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0911/5-Ways-To-Avoid-Foreclosure.aspx
    ... However, if you have no other options and still want to live in the home, a Chapter ...
    The purpose of a Chapter 13 filing is to allow the debtor time to work out ...

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Bank Rates
Product Today Last Wk
$10K MMA 0.50% 0.51%
MMA 0.45% 0.46%
6 Month CD 0.46% 0.47%
1 Year CD 0.70% 0.75%
5 Year CD 1.46% 1.46%
1 Year Jumbo CD 0.66% 0.67%
Rate data provided by Bankrate
Product Today Last Wk
$30K HELOC 4.59% 4.60%
$30K Home Equity Loan 5.74% 5.77%
$50K Home Equity Loan 5.45% 5.50%
$50K HELOC 4.24% 4.24%
$100K Home Equity Loan 5.41% 5.46%
$100K HELOC 4.13% 4.13%
Rate data provided by Bankrate
Product Today Last Wk
30 Year Fixed 3.80% 3.80%
15 Year Fixed 3.09% 3.11%
1 Year ARM 3.54% 3.53%
30 Year Fixed Jumbo 4.38% 4.38%
5/1 ARM 2.65% 2.69%
3/1 ARM 2.69% 2.69%
Rate data provided by Bankrate
Product Today Last Wk
60 Month Used Car Loan 4.51% 4.51%
48 Month Used Car Loan 4.35% 4.35%
48 Month New Car Loan 3.24% 3.24%
36 Month Used Car Loan 4.34% 4.36%
36 Month New Car Loan 3.11% 3.13%
60 Month New Car Loan 3.35% 3.34%
Rate data provided by Bankrate
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