Answer by Chris Cudmore for What is the difference between a home equity line...
A mortgage loan is essentially an annuity held by the bank, meant to be paid out regularly, over the long term, backed by a mortgage. When most people say "mortgage", they mean "mortgage loan". A...
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In the article About.com - Six Ways To Prepare Now For Rising Interest Rates it states: The average US household debt, according to the Fed, is $20,000, not including mortgages. Most of that debt is...
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