Articles Comments

Debt Relief – Insolvency – Bankruptcy Information » Student Loan Help » Can I refinance my home? Roll in student loans and other debt?

Can I refinance my home? Roll in student loans and other debt?

I have a home I bought last year as a foreclosure for $61K. I have made many repairs and have the current value around $110. But my current debt are my student loans ($55K) and credit cards ($3K.)

For a current debt of $119K

Could I refinance my home to roll my debt into a mortage for an interest rate close to 7% so I have just one bill to pay rather then my mortgage and my 2 student loans. My loans are consolidated close to 9%.

My credit score is excellent but I haven’t approached anyone about this approach becaus eI heard I have to wait 1 full year to refinance. I purchased the home in August. Thank you!

Any answers or links to more info is greatly appreciated.

RELATED POSTS:

  1. Refinance Student Loans? I want to know if there is a way to refinance my student loans? I graduated in 1993 and have...

  2. Do credit unions refinance student loans? I have a little under $20,000 in student loans. I am trying to look for a bank or credit union...

  3. Can you refinance student loans after consolidation? I consolidated my student loans years ago (when interest rates were high). Last year I called my lender to see...

  4. If I have already consolidated my student loans, is there still a way to “refinance” for a lower rate? I currently have a 7.625 rate on my consolidated student loans. Is there a refinancing process for student loans the...

  5. Help!!! Refinance Student Loans!!!!!? I have 2 unsubsidized student loans at 6.63% I owe about 9500k between both. Can someone help me finding a...

Written by

Filed under: Student Loan Help · Tags: , , , , ,

2 Responses to "Can I refinance my home? Roll in student loans and other debt?"

  1. RD says:
    Most places will not let you finace for more than your home is worth ….actually most only let you finace 80% of the appraised value. So no, you would probably not be able to get a loan for the full amount needed to pay off all the bills. But you could get one for a higher amount (or choose a home equity loan) to help out …especially with the credit cards, those things are no good !!!!
  2. Eloise K says:
    You’re in luck, it sounds like you want a debt consolidation loan. Being that you have good credit it should not be a problem. You should be able to get the cash you need within 24 hours. There are many online sites which offer unsecured refinance loans for first-time home buyers.

Leave a Reply

Connect with Facebook

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Not finding what you're looking for?
Do a custom search of our entire site:

Get Adobe Flash player