Related Consumer Finance Programs - The following sub-directories of companies offer a wide variety of financial programs to assist you with the management of your finances. Consolidate debt with a consolidation loan or use a debt counseling service or mortgage refinance for help with the consolidation of your charge card debt and other monthly payments.
- Debt Management Counseling - Too many debts and payments to be able to keep up? Compare different debt management services that may be able to help you get control of your bills.
- Debt Settlement Help - If you have too many credit cards and other small debts and are unable to make your payments, this form of debt negotiation may be right for you.
Alt-A Mortgage definition
Define Alt-A Mortgage: Alt-A mortgages or home loans are a type of mortgage that is considered to be a higher risk loan than a prime home mortgage loan, but yet still less risky than sub-prime mortgages. Mortgage rates obtained for an Alt-A mortgage are therefore likely to fall between rates obtained for prime and subprime rates. Most Alt-A home loans are written because the borrower has reduced income, an inability fully to document income, a high debt-to-income ratio, or a less than perfect credit history.
Additionally, if the loan-to-value ratio (LTV) on the property is considered too high, many mortgage lenders will drop the mortgage from the prime rate to the Alt-A rate. A cash out mortgage refinance (often for the consolidation of debt, such as credit cards and unsecured loans) may also result in an Alt-A mortgage loan.
Personal Finance and Debt Consolidation Glossary
Index: A
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