Posts Tagged ‘Home Loan’

How much debt is too much when you want to apply for a home loan?

cdp224 asked:


I would like to apply for a home loan, but I have some credit card debt. I have good credit – never missed a payment, never been late, etc. I just don’t know if having credit card debt will cause me to be declined.

Martha
 

can you get a house loan that takes in your other debt?

tmfogle asked:


A friend told me that her husband and her got their other debt consolidated into their home loan. I am interested to find out about programs like this.

Peggy
 

is it possible to use a home loan to pay off credit card debt?

Matt H asked:


I have a total of $7000 of credit card debt with a high interest rate. I would like to buy a house but cannot afford both the credit card payment plus a house payment. I have an excellent credit score with all three agencies.

Is it possible to obtain a home loan that I could use to pay off the credit card debt? If so, any advice?

Rosemary

 

As a first time home buyers can I consolidate my debt using the remaining money from my home loan?

lilly_belle82 asked:


I am planning on buying a house soon, and the value of the house is less then the loan amount for which I have been approved. I want to know if I can take that remaining money and use it to pay off my outstanding debt. (credit cards, car loans etc.) Essentially consolidating my debt into one payment.

Glenn
 

Can a first time homebuyer with a lot of unsecured debt get a home loan to also cover the debt?

Andre asked:


I have 30k in credit card debt. I was wondering if I could consolidate that into a mortgage. I have never applied for a home loan before. Have people done this in the past?

Ellen