Home » Questions » can i consolodate 2 small loans (both totalling 36,000) into my mortgage (i used the money to renovate my home)so when i sell this house the loans go with it.
Question:

can i consolodate 2 small loans (both totalling 36,000) into my mortgage (i used the money to renovate my home)so when i sell this house the loans go with it.

Asked by: deena


Answers:

Yes, that is called a debt consolidation home loan/refinance. You will have to qualify for the loan, making sure you have enough equity. Unless you qualify for one of the Obama affording loan programs, you most likely will need at least 80% LTV, meaning if your home is worth 200,000, have at least 40,000 in equity.
Answered By: Bobby


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