Am I able to roll a personal loan into a mortgage

Hi Mark,

Welcome to the forum.

I don't think there is any plan available that can roll your personal loan into the total mortgage amount. If you want to roll your personal loan into the mortgage amount that means the mortgage amount will be more than the property value. But that is not possible now.

Best of luck,
Larry

Thanks Larry

I will keep an eye out as i have seen some mortgage providers offering 110% of the value but, again, not much more info is provided

thanks again :)

Hi Mark,

You can roll your peronal loan into the current mortgage. The concept is, you need to refinance by taking out a new loan on your home which should be higher than the unpaid balance on the current loan.

The difference between the new loan amount and the unpaid balance should be equal to the personal loan balance. So, basically what you're doing here is, taking out a cash-out refinance loan on your home. For this, you need to have sufficient appraised value of your property.

"I have seen some details of a "non-conforming" mortgage but couldnt get much details on these."
Non-conforming loans are those which are stricly regulated and charge higher interest rates than banks.

Hope this helps...

God bless you.

Samantha