Warning: include() [function.include]: URL file-access is disabled in the server configuration in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78 Warning: include(http://www.hurryloan.com/rightbar.php) [function.include]: failed to open stream: no suitable wrapper could be found in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78 Warning: include() [function.include]: Failed opening 'http://www.hurryloan.com/rightbar.php' for inclusion (include_path='.:/usr/local/share/pear') in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78   Go Back To Search Results Question Want to buy home and pay off car loans is that possible? I want to buy a home...here in South Texas a good starter home to fit my family would be about $120,000...my question is whether I'm able to throw in my vehicles into the mortgage to have more money available to buy a good home. I spend about $800 a month on the vehicles' payments so would I benefit from this...if it is possible, is it even a good idea because I'm not even sure? By Eddie Posted on 09/06/07 Total Answers 2 Answers- Marty is wrong again. My friend and neighbor rolled his cars into his mortgage. If you did you would be paying the cars off in your mortgage for the next 30 years. It is possible but noone in their right mind would tell you to pay that extra interest over the next 30 years. Answer by : snwbm On Date 2007-09-06 10:04:20 It may not be possible now, given the sub prime problems, but last yr heard of mortgages you could get for up to 125% of the home's value, which was designed to consolidate bills, but you would be paying for that car long after it was gone and would have to hold on to house a lot longer in order for the actual home value to increase above that inflated mortgage figure. Maybe sell on of the cars and get a cheaper 2nd car - that 800/mo in car payments may hurt your chances of even getting a mortgage depending on how high it pushes your debt/income ratio, especially if you also have credit card debt Answer by : Dr. Deth On Date 2007-09-06 11:18:43   Go Back To Search Results