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Can I use a mortgage loan to pay debts (student loans, car, etc.) and place a down payment on a home?
I have good credit also.
By
moxie_02
Posted on
10/03/06 Total Answers
4
Answers-
You can get a mortgage with cash out.
Answer by :
Black Kat On Date
2006-10-03 08:14:43
You may, if you can buy a house well under the market value, and it is worth more than you pay for it and the extra value is enough to cover your debts. The mortgage will have to be equal to or less than your total debt. Your credit would have a bearing on it.
Tough order!
Good luck.
Answer by :
edward I On Date
2006-10-03 08:18:16
I am a mortgage banker (not broker, big difference) there are a ton of things that we can do to pay off you debts using your home equity please feel free to email me and questions that you may have.
Answer by :
J O On Date
2006-10-03 08:22:26
Try the links in http://www.hot8sites.com/mortgage/ for all information on mortgages
