Is there a way to group my car loan and student loan into a new home mortgage?
January 3, 2010 by admin
Filed under Car Finance
I have student loans of about $7,500 and about $13,000 left on my car loan. I am looking to purchase a house and wondering if there is any way to add my car loan and student loans on to the mortgage?
Not on the mortgage. A mortgage has to be secured by real property. If you have sufficient equity you could get an equity line to cover your other loans and receive a tax benefit
No, and why would you want to drag out your car note and student loan for the 15 – 30 years of the mortgage? Very BAD ideal.