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When faced with a choice as to what type of debt they will take on, mortgage debt often loses out.
Read More »Consumers More Likely to Choose Non-Mortgage Debt Over Mortgages
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Report: Non-Mortgage Debt Dragging Homeownership Even With Lower Down Payment
While lowering the down payment on a mortgage may clear one major hurdle to homeownership, a report released by RealtyTrac Tuesday revealed that a monthly mortgage payment is affordable to those with non-mortgage debt in less than half of the counties in the U.S.
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