Posts Tagged ‘Home Loan’

Is it recommended to have zero debt before applying for a home loan?

jay s asked:


Loan amount is nealry 465K. Interest rate is another issue. I am not sure how it is going to be. But the main concern is that does it matter applying with some debt or with Zero debt for a home loan? What is the monthly payment going to be?

Renee
 

Can I get a debt consolidation loan as a home loan but with no equity?

Cassidy S asked:


I am trying to consolidate my credit card debt because the payments are too high each month. If I could get a home loan this would be perfect. I am having difficulty making all the payments and I don’t want to completely ruin my credit. Any reliable consolidation advice would be apprecitated!

Robin