Tuesday, August 24, 2010

Is it possible to combine a home equity loan and a mortgage into one payment?

If your credit is good enough and your equity is high enough, YES, just refinance all of it into one loan. It might even bring your overall payment down.Is it possible to combine a home equity loan and a mortgage into one payment?
Nope, I do it every month for my clients.


E-Mail me a bit more info and I'll tell you if it's feasible.Is it possible to combine a home equity loan and a mortgage into one payment?
They are two separate loans. If you to combine them, refinance.
yes it is possible. u need to speak with a personnal banker to see what they can do for u. you just need to consolidate both payments by refinancing. interest rates are really low right now and the prime rate seems as though its going to continue to drop. so it is possilble when you refinance u could end up with a lower interest rate as well.
No they are 2 separate loans, you would need to refinance pay off the Home equity loan
All mortgage loans are not created equal. If you are looking for a loan, you have probably discovered the array of loan types and options. It can be confusing forthe first-time borrower%26lt;!--and even for those with more experience! Here, we will discuss the different types of loan options, and how they work.





http://mortgage-loans.awardspace.com/





http://best-loans.awardspace.com/homeloans.htm





First, there are two main broad categories of mortgage loans: government loans (FHA, VA, and RHS, or Rural Housing Service loans) and conventional loans (all other loans). In general, government loans have low or no down payment requirements for the purchaser--%26gt;and are easier to qualify for than conventional loans. They are also guaranteed to the lender, which allows the borrower to obtain more favorable loan terms.

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