debt

Not all debt is the same.There's a difference between good debt and bad debt, and few types of consumer debt are as beneficial as a mortgage.

Learning how to manage student loan debt and eventually break free of that burden is a skill you'll need to develop as a newly minted college grad navigating the world of adult finances.

With $28,000 in student loan debt when he graduated from college last spring, Patrick O'Keefe took a step that not many students would take when looking to get out of debt: He signed up for a 30-year mortgage to buy a house.

You've earned your degree, nabbed your first job and are now ready to buy your starter home.But there's one problem: You're saddled with tens of thousands of dollars of.Will any lender approve you for a mortgage when you face that much debt?.

It's not an easy decision: You plan to sell your home in the near future and buy a new one a few years from now.You have extra money coming in each month.

You fell behind on your mortgage payments and lost your home to foreclosure.That's the end of this financial nightmare, right? Not quite: Something called a deficiency judgment could come back and haunt you.

Important tax news related to your mortgage loan - Read what deductions you are allowed to take.

Just how much of a burden is student loan debt on potential first-time homebuyers? Enough to put an 8 percent dent in total 2014 home sales, according to a new study.

Mortgage borrowers who lose their homes to foreclosure or face financial difficulties due to being underwater on their loan could face another hit in 2014 - a big tax bill.

Newly initiated foreclosures jumped by one-third in August, a sign that banks may be stepping up efforts to clear out a backlog of seriously delinquent mortgages.

Fix your credit report before you apply for a mortgage and you could literally save more than $100,000 over the course of your loan.

All four of California's "Hardest Hit Fund" anti-foreclosure programs are now operational, the state has announced, but only two have substantial participation from the nation's largest lenders.

So you're in default on your mortgage.You've several months behind on your payments.You've tried and failed to get a loan modification and work out a repayment schedule, and foreclosure is looming.Should you consider declaring bankruptcy?.

The federal debt has already surpassed $10 trillion, and current estimates indicate that this fiscal year's budget deficit could exceed $1 trillion.Strangely enough, even conservative-minded economists aren't balking at the spending, even though it's likely to lead to more government borrowing.

A good job is hard to find.The number of qualified workers who are forced to take low-paying or part-time jobs is increasing, which spells continued trouble for the U.S.economy.

Are non-profit debt consolidation companies legitimate? How can they help you with your debt problem? Are you going to get ripped off? Find the answers to these questions below.