Wouldn’t it be nice to make just one payment per month instead of several? Most of us not only have a mortgage payment. We have car payments, credit card payments, student loans, etc.

If you have been living in your home for a reasonable amount of time and you have acquired enough equity, you might want to consider a debt consolidation loan.

A debt consolidation loan is using the equity you have acquired in your home from monthly payments and appreciation to pay off all of your outstanding debt, leaving you with one monthly payment instead of several.

Consolidating your debt has the potential to save you a lot of cash on a monthly basis if you have accumulated a lot of debt.

The interest rates on credit cards alone are considerably higher than that which you would receive on a mortgage.

Another benefit is the interest you pay on your debt consolidation loan is tax deductible, unlike your other debt.

Consolidating your debt is a great way to save money, but don’t just dive in. Take the time to educate yourself about the mortgage industry and definitely shop around for the best deal. The mortgage industry is very competitive, so let them compete for your business.

Another benefit to consolidating your debt is that it will help your credit score go up.

The accounts you have outstanding that you owe money to are called open trade lines, by paying these off and than closing a few of them to keep your debt under control, you will be effectively increasing your credit score over time, which is how lenders determine your payment history.

Jennifer Hershey has more than twenty years of experience in the Mortgage Industry as a loan officer. She is the owner of http://www.explainingmortgages.com/, a mortgage resource site devoted to making mortgage terms and products easy to understand.

Tags: banker, borrowing, broker, credit, finance, home loan, lender, mon, Mortgage, real estate, refinancebanker, borrowing, broker, credit, finance, home loan, lender, mon, Mortgage, real estate, refinance

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Burbank, California, is located in Los Angeles County, and is nine miles north of Los Angeles, California. Burbank has a population of 100,316. Among its residents are those who work in the media and entertainment field. NBC, Warner Studios, and Disney Entertainment call Burbank their home. The city is served by Burbank International Airport.

Burbank’s homes consist of luxury homes in the hills, and single and multi-family homes throughout the city. Its sunny weather, prosperous economy, relative safety, and consistently high-ranking schools make Burbank a popular place to live, especially with families and those in media and entertainment.

Burbank properties pool is 41,608 residential properties including Burbank new homes. The median age of real estate in Burbank is 1956. The average household size is 3.14 people. 7% are one bedroom homes, 39% are 2 bedroom homes, 42% are 3 bedroom homes, 10% are 4 bedroom homes, and 2% are 5+ bedroom homes.

Homes With No Mortgage - 26%
Homes With Mortgage - 74%
First Mortgage Only - 56%
First & Second Mortgage or HELOC - 18%

Burbank Real estate Tax: Median Real Estate Taxes (2000) were $1,640 comparing to 1999 Median Family income $ 56,767. Compare to USA median yearly Real Estate Tax $1,300 and USA median Family Income $42,000 (1999).

Burbank School District: The Burbank School District consistently rate as one of the most successful in the County. Parents are keen to purchase homes here in order to send their children to the highly successful District.

Children make up 22.3% of Burbank population. Burbank has 22,337 under 18 years old residents, or 0.46 kids per one worker, or 0.54 kids per one household.

Burbank Real Estate & Burbank Homeownership

There are 14146.72 or 34% one person households, 12482.4 or 30% two person households, and 6241.2 or 15% three person households in Burbank, California. Median residents age is 36.4, Senior citizens (65+) make up 12,859 or 12.8%% of Burbank population.

There are 48,430 workers (over 16 years of age) in Burbank. Of these, 89.33% drive to work. Approximately 2.56% of workers in Burbank take public transportation, reflecting the area’s over reliance on cars. An estimated 2.75% walk to work.

Median Burbank homeowner’s housing expenses are 22.4%

Crime in Burbank (2003), crimes per 10,000 residents per year
Violent Crimes - 28.21
Robberies - 6.88
Aggravated Assaults - 19.54
Property Crimes - 268.55
Burglaries - 49.84
Larceny-Thefts - 172.26
Motor Vehicle Thefts - 46.45

When making a decision about buying real estate in Burbank California area, many factors should be considered, along with the following statistical data:

Near Medium City -
Near Large City - Los Angeles, California
Burbank Zip Codes - 91501, 91502, 91504, 91505, 91506
Burbank Area Codes - 818

White population - 72.18%
African-American population - 2.06%
Asian - 9.15%
American Indian & Alaskan - {-}%
Hispanic (of any race) - 24.87%
Median Family Income (1999) - $ 56,767%
Population Below Poverty Level - 10.45%

Jennifer Hershey has more than twenty years of experience in the Mortgage Industry as a loan officer. She is the owner of http://www.explainingmortgages.com/, a mortgage resource site devoted to making mortgage terms and products easy to understand.

Tags: banker, borrowing, broker, credit, finance, home loan, lender, mon, Mortgage, real estate, refinancebanker, borrowing, broker, credit, finance, home loan, lender, mon, Mortgage, real estate, refinance

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Berkeley, California, is located in Alameda County, 11
miles NE of San Francisco, California.

Berkeley is a vibrant, intellectually-energetic city
with a population of 102,743. At its center is the
world-renowned University of California at Berkeley,
home to current and would-be Nobel prize winners,
several cultural and art museums, performing arts, and
the Golden Bears football team. Home to ‘California
Cuisine’ - a neoclassical style of cooking that
incorporates fresh, seasonal ingredients–a term
invented at Chez Panisse, the legendary restaurant in
North Berkeley founded by famed chef Alice Waters.

Berkeley Homes

Homes in Berkeley reflect the eclectic and diverse
style of its residents, from popular Arts and Crafts
era bungalows nestled in the Berkeley Hills to newly
restored Victorians that surround the university and
downtown areas. Designer of the Hearst Castle in San
Simeon and California’s first female architect Julia
Morgan firmly set her roots here, and you can still
see her historic buildingsdesignated as
landmarksthroughout Berkeley, including the Berkeley
City Club and the Julia Morgan Theatrea small arts
production company.

Berkeley properties pool is 44,955 residential
properties which include newly built properties. The
median age of real estate in Berkeley is 1941, with an
average Household size of 2.84 people. 8% are one
bedroom homes, 31% are 2 bedroom homes, 36% are 3
bedroom homes, 18% are 4 bedroom homes, and 7% are 5+
bedroom homes.

Berkeley Mortgage Statistics

Homes With No Mortgage - 29%

Homes With Mortgage - 71%

First Mortgage Only - 54%

First & Second Mortgage or HELOC - 18%

Berkeley Area Real Estate Tax

Berkeley Real estate Tax: Median Real Estate Taxes
(2000) were $3,004 comparing to 1999 Median Family
income $ 70,434. Compare to USA median yearly Real
Estate Tax $1,300 and USA median Family Income $42,000
(1999).

Berkeley School District: Berkeley has a wide range of
private and public schools that boast one of the
nation’s highest test scores and attrition rates.
Among them is the unique Ecole Bilingue which
specializes in a French immersion program for children
up to age 14. Children make up 14.1% of Berkeley’s
population and a dizzying number of cultural and
extra-curricular programs are available to them
year-round. Berkeley has 14,513 of under 18 years old
residents, or 0.27 kids per one worker, or 0.32 kids
per one household.

Berkeley Real Estate & Berkeley Homeownership

There are 17082.9 or 38% one person households,
15284.7 or 34% two person households, and 6293.7 or
14% three person households in Berkeley, California.
Median residents age is 32.5, Senior citizens (65+)
make up 10,484 or 10.2%% of Berkeley population.

Large employees abound in Berkeley, including the
University of California, the Bayer Corporation, and
the Power Bar company to name a few. There are 54,674
workers (over 16 years of age) in Berkeley. Of these,
52.83% drive to work. Approximately 18.58% of workers
in Berkeley take public transportation. An estimated
14.9% walk to work, taking advantage of beautiful and
much-needed civic improvements such as the new
pedestrian bridge that links the Berkeley Marina and
the shoreline to the city. Berkeleywith its proximity
to San Franciscoand a year-round temperate climate
makes it a popular place in which to live, work, and
thrive.

Median Berkeley homeowner’s housing expenses are 20.8%

Crime in Berkeley (2003), crimes per 10,000 residents
per year

Violent Crimes - 90.13

Robberies - 39.13

Aggravated Assaults - 48.86

Property Crimes - 846.29

Burglaries - 121.18

Larceny-Thefts - 605.1

Motor Vehicle Thefts - 120.01

Invest in Berkeley Properties

When making a decision about buying real estate in
Berkeley California area, you should consider the
city’s vast ethnic diversity. These statistics
indicate a high level of multiculturalism and
tolerance. Events that celebrate the city’s many
different ethnic communities include the now
institutional”How Berkeley Can You Be” and an annual
Native American Pow Wow.

Near Medium City -
Near Large City - San Francisco,
California

Berkeley Zip Codes - 94702, 94703, 94704,
94705, 94706, 94707, 94708, 94709, 94710

Berkeley Area Codes - 510

White population - 59.17%

African-American population - 13.63%

Asian - 16.39%

American Indian & Alaskan - {-}%

Hispanic (of any race) - 9.73%

Median Family Income (1999) - $ 70,434%

Population Below Poverty Level - 18.97%

Jennifer Hershey has more than twenty years of experience in the Mortgage Industry as a loan officer. She is the owner of http://www.explainingmortgages.com/, a mortgage resource site devoted to making mortgage terms and products easy to understand.

Tags: banker, borrowing, broker, credit, finance, home loan, lender, mon, Mortgage, real estate, refinancebanker, borrowing, broker, credit, finance, home loan, lender, mon, Mortgage, real estate, refinance

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