Posted on: 14th Sep, 2010 07:30 am
I once heard you can apply for a mortgage loan that will cover your judgment amount? I have a judgement for $5000 for old student loan and was wondering can i get a loan that also helps me pay that off at the same time like a mortgage loan combined to pay off the judgment?
Hi jodi,
If you have equity in your property, then you can take out a mortgage on your property and pay off the judgment. However, you'll become liable for monthly mortgage payments. If you can afford the payments, then you can go for the deal.
Thanks
If you have equity in your property, then you can take out a mortgage on your property and pay off the judgment. However, you'll become liable for monthly mortgage payments. If you can afford the payments, then you can go for the deal.
Thanks