Finding the right mortgage loan for your circumstances can be a complex process. In this clip, these two discuss the major pitfalls that can get in the way o…
Question by grkitalsizzlah01: If I get a mortgage, can I roll my car loan into the mortgage?
I have a car loan that my father co-signed for me 2 years ago this April. If I get a mortgage, can I roll my car loan into the mortgage? Would I have to refinance my auto loan first and then do it? I cannot seem to get a straight answer from anyone.
Answer by The Dread Pirate Roberts
Many people buy cars with “second mortgages” It makes no sense to pay for a car for 15-30 years on a first mortgage…can you imagine how much that would cost you in interest.
Get your first mortgage and then you can get a second based on the equity in your house.
What do you think? Answer below!