Debt Elimination Calculator -
Mortgage, Loan, Auto, Credit Card, Debt & Credit, Health, Fitness, Exercise . The basic principles to eliminating debt include: (1) pay as much as possible . Use this debt elimination calculator to help organize and prioritize your loans to get .

Debt Elimination Calculator
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This calculator is for illustrative purposes only. We do not guarantee that calculations are accurate. Always consult your accountant or a professional advisor .

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Meeting the Requirements

As far as your lender is concerned, here are the typical requirements you usually must meet to eliminate your escrow account:

  • Your mortgage is at least one year old, and you have made on-time payments consistently for the entire year
  • LTV (loan-to-value ratio) has to be under 75%
  • Loan has to be a conventional loan (VA and FHA loans typically cannot shed their escrow accounts; it is part of the condition of a government-backed loan)
  • No taxes or insurance payments can be due in the next 30 days

Debt Elimination Calculator Basics
In order to use the debt elimination calculator you are to learn some major things: type of the credit (for example, mortgage, car, student loans), minimum .

Making the Payments Each Year

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