Can I include Student Loan Debt in a New Mortgage?

Wednesday, 18. April 2012

So when purchasing my first home, is it possible to borrow a % above the home value, and use it to pay off Student Loan Debt. I understand all the theories about not paying off unsecured debt with a home, but Student Loan debt is not going anywhere. It HAS to be paid off. Mortgage rates are much lower than my Student Loan interest rates and I no longer qualify for deferment or forbearance.

I do know I can use a home equity loan to pay these off, but I’m not to sure about a first time home buyer, new mortgage. Can it be included?

Thank you.
I understand what is being said in the answers, but I’m not talking about borrowing 100% of the loan. I know I can best get my answers from the Mortgage companies, but Take a 200,000 Home, Add 50,000 in student loans, that is a loan for 250,000. Pay off the house and the student loan. Put 20% down payment on the 250,000 loan. This is what I’m asking if it is possible?


Interesting Blogs

    Home equity loan or small business loan?

    Wednesday, 4. April 2012

    My mortgage is half way paid off and I want to open?
    a small business. the start up costs are low so I only need about ,000. I was thinking about getting a home equity loan for the ,000 to start up my medical billing business. Do u think I’m going in the wrong direction? There is no way I can save the money so I need some kind of loan to start it up. I feel like I may have issues getting a small business loan but am I better off taking the time to do it that way?? Which has lower interest rates; small biz loans or home equity loans??? Please help??
    Additional details****I want to open a home based medical billing business.I would be willing to take chance because pretty confident I can pay it back.


    Interesting Blogs

      how to take equity loan on investment home that has no mortgage due?

      Monday, 26. December 2011

      I want to pay off all bills with a home equity loan from property bought for investment. Paid cash and dont have any mortgage payments. I recieve rent monthly from tenants, am on unemployment, and recieve ssi monthly. Can you help me?


      Interesting Blogs

        Will move in 5 years, best to pay off home equity loan of $15k, or combine with home loan and refinance?

        Thursday, 22. December 2011

        Right now my home equity loan is at 7.4%, and my home loan is at 5.35%
        I am leaning towards paying off my home equity loan, but should i combine my two loans and refinance instead?


        Interesting Blogs

          What companies give home equity loans to people with bad credit to fix the bad credit?

          Saturday, 17. December 2011

          I have a poor credit score, but owe very little on my house. I have lots of equity and would like to eliminate the bad debt with a home equity loan. What reputable companies can help?


          Interesting Blogs

            What are the best sources of information on Prime equity home loans

            Wednesday, 26. October 2011

            I am looking to refi my home mortgage and got a suggestion to check out home equity loan. Need help


            Interesting Blogs

              Home Loan and Home Equity Loan Refinance question?

              Monday, 12. September 2011

              If you have a home loan and a home equity loan, if you refinance can you roll the two into one or do you always have to keep the two seperate?


              Interesting Blogs

                Can a house be foreclosed on if you have a home equity loan?

                Sunday, 11. September 2011

                I’m in an argument with my neighbor. He has a house worth approx 300,000. and he is worried because he is on a fixed income and has a home equity loan of 45,000. He’s worried about the state of the economy and afraid he might lose his home. He is making his payments just fine right now but is worried about the future. He’s a senior and unable to go back to work.


                Interesting Blogs


                   
                  Powered by Yahoo! Answers