What is HO– USEHOLD DEBT? What does HO– USEHOLD DEBT mean? HO– USEHOLD DEBT meaning & explanation





What is HO– USEHOLD DEBT? What does HO– USEHOLD DEBT mean? HO– USEHOLD DEBT meaning – HO– USEHOLD DEBT definition – HO– USEHOLD DEBT explanation.

Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.

Household debt is defined as the amount of money that all adults in the household owe financial institutions. It includes consumer debt and mortgage loans. A significant rise in the level of this debt coincides historically with many severe economic crises and was a cause of the U.S. and subsequent European economic crises of 2007–2012. Several economists have argued that lowering this debt is essential to economic recovery in the U.S. and selected Eurozone countries.

Household debt can be defined in several ways, based on what types of debt are included. Common debt types include home mortgages, home equity loans, auto loans, student loans, and credit cards. Household debt can also be measured across an economy, to measure how indebted households are relative to various measures of income (e.g., pre-tax and disposable income) or relative to the size of the economy (GDP).

The burden of debt can also be measured in terms of the amount of interest it generates relative to the income of the borrower. For example, the U.S. Federal Reserve measures the “household debt service ratio” (DSR), an estimate of the ratio of debt payments to disposable personal income. Debt payments consist of the estimated required payments on outstanding mortgage and consumer debt. The Fed also measures the “financial obligations ratio” (FOR), which adds automobile lease payments, rental payments on tenant-occupied property, homeowners’ insurance, and property tax payments to the debt service ratio. Homeowner and renter FORs are calculated by applying homeowner and renter shares of payments and income derived from the Survey of Consumer Finances and Current Population Survey to the numerator and denominator of the FOR. The homeowner mortgage FOR includes payments on mortgage debt, homeowners’ insurance, and property taxes, while the homeowner consumer FOR includes payments on consumer debt and automobile leases.

In the 20th century, spending on consumer durables rose significantly. Household debt rose as living standards rose, and consumers demanded an array of durable goods. These included major durables like high-end electronics, vehicles, and appliances, that were purchased with credit. Easy credit encouraged a shift from saving to spending.

Households in developed countries significantly increased their household debt relative to their disposable income and GDP from 1980 to 2007 — one of the many factors behind the U.S. and European crises of 2007–2012. Research indicates that U.S. household debt increased from 43% to 62% of GDP from 1982 to 2000.

U.S. households made significant progress in deleveraging (reducing debt) post-crisis, much of it due to foreclosures and financial institution debt write-downs. By some measures, consumers began to add certain types of debt again in 2012, a sign that the economy may be improving as this borrowing supports consumption.

The International Monetary Fund (IMF) reported in April 2012:

“Household debt soared in the years leading up to the Great Recession. In advanced economies, during the five years preceding 2007, the ratio of household debt to income rose by an average of 39 percentage points, to 138 percent. In Denmark, Iceland, Ireland, the Netherlands, and Norway, debt peaked at more than 200 percent of household income. A surge in household debt to historic highs also occurred in emerging economies such as Estonia, Hungary, Latvia, and Lithuania. This occurred largely because the central banks implemented a prolonged period of artificially low policy interest rates, temporarily increasing the amount of debt that could be serviced with a given income. The leveraging up fueled a consumption boom that, ironically, boosted GDP in the countries in question, but represented not a sustainable ‘boost to aggregate demand’ but instead a mere pulling forward of consumption, as people took on new 30-40 year debt to pay for current year expenditures.

The predictable fallout of this policy is the slow growth that these countries are experiencing today.

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C.A.R. Housing Affordability Fund Pays Borrowers HOA for 6 Months





November, 2002, The California Association of Realtors, announced the Housing Affordability Fund, a non-profit 501(c)(3) dedicated to addressing California’s growing housing affordability crisis. The C.A.R., has been fundraising with Casino Nights, Golf Tournaments, and more… in December, 2016 they unveiled the Homeowners Association Grant Program, which will provide qualified first time California homebuyers up to 6 months of HOA dues, up to $2,500. C.A.R.’s Housing Affordability Fund’s, or HAF, has allocated $1M towards this program.

This week’s Marketing Tip is about an agent who through a neighborhood barbecue to introduce the new family.

Iron Point Mortgage is a home loan lender in beautiful Folsom, CA servicing the tri county area of Sacramento, Placer and El Dorado. We offer several loan products including FHA Loan, VA Loan, USDA, Conventional, and Jumbo.

Thanks for watching and please take a moment to subscribe to our YouTube Channel by clicking here: https://www.youtube.com/channel/UC0bd…

Kevin Fritz
MLO #220254
Iron Point Mortgage
916-985-3200
©2015 A division of Finance of America Mortgage LLC | Equal Housing Lender | NMLS 1071 | AZ BK 0910184 | Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act.

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$0 Down on a New Honda | Honda Dream Garage Sales Event! | Ocean Honda serving Tampa FL





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Used Cars Louisville Specials Oxmoor Toyota, Louisville Kentucky 40222





Welcome to Oxmoor Toyota in Louisville, KY. We understand that a personal video message may be the best way to introduce ourselves, our store, and the New, Used or Certified Toyota of your choice.

At Oxmoor Toyota we give you easy access to the most up-to-date internet car buying tools: you can quickly view our new Toyota Specials, Used Car Specials, new Toyota inventory, used vehicle inventory, research or compare your new vehicle, request a test drive, apply for financing, schedule your next service appointment, or even get door to door directions.

We make new and used car buying research, comparing, and shopping easier for you, so you can spend more time finding the perfect Toyota vehicle.

Customer loyalty, pride, and attention to detail are just a few reasons car buyers visit Oxmoor Toyota. Our website provides great deals, incentives, and offers on the largest selection of new and used Toyota vehicles. Give us a call at (502) 565-0086 today! Our friendly and knowledgeable staff always exceeds expectations in helping you find your new Toyota vehicle.

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Come in today to see and drive the Toyota of your choice at Oxmoor Toyota in Louisville, KY also serving The greater Louisville KY and Southern Indiana metro market.

We at Oxmoor Toyota appreciate you taking the time to visit us today– Thank You!

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No Payments Until Feb. 2016! | Happy Honda Days Sales Event | Ocean Honda serving Tampa FL





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