Posted on: 01st Dec, 2009 04:44 pm
can i get a mortgage and consolidate my bills all in one monthly bill
Yes, provided you qualify for the loan.
Using a mortgage or homeloan to consiolidate your debts is a very smart thing to do if you can as the interest rate is much lower.
a number of things will factor into whether a lender will give you the loan. income, existing debts, amount of deposit, credit score etc.
How much are you wanting to borrow, and what is your financial situation?
Using a mortgage or homeloan to consiolidate your debts is a very smart thing to do if you can as the interest rate is much lower.
a number of things will factor into whether a lender will give you the loan. income, existing debts, amount of deposit, credit score etc.
How much are you wanting to borrow, and what is your financial situation?
Yes you can and in most states you can borrow 85% of your homes value. With rates being in the high 4% range your time could not be better. Credit scores as low as 580 can be considered as well, again depending on the remainder of your scenario