Posted on: 28th Mar, 2009 06:57 am
If I want to buy a home for $150,000, worth $200,000, can I roll in my debt of $20,000 effectively reducing my monthly payments considerably.
And what do I need for debt ratio. I made $82k last year, and have $1590 in loans, cc, car.
And what do I need for debt ratio. I made $82k last year, and have $1590 in loans, cc, car.
you cannot roll other debts into a purchase.
If you have $50K of equity, you may qualify for a home equity line of credit, after you purchase the house and have it appraised.
