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Benefits to Mortgage Debt

In order to buy a house, most Americans take on a mortgage loan. While debt is usually to be avoided if possible, when it comes to a mortgage there may actually be some financial benefits for borrowers. Liquidity If you dump all your extra funds into paying off your mortgage, you may be in a tight spot if you face a financial emergency. Family deaths, divorce and health traumas are just a few things that can quickly rack up enormous debts. If you do not have a sizable emergency save up and you have been sinking all disposable cash into your home, you may end up selling your home to pay f...

June 5th, 2019 | Debt, Credit, Mortgage, Benefits to Mortgage Debt

Fort Orange Funding, LLC (NMLS# 67822)
Phone: 518-446-9629 | Fax: 518-446-9649
21 Everett Rd. Ext., Albany, New York 12205
Email: cdavid@fortorangefunding.com
Loans arranged through third parties
Registered Mortgage Broker with NYS Dept. of Financial Services