We want to buy this house and we are meeting with the banker on tuesday, but I am just curious about something. We have about $15k in credit card debt and pay about $1600 a month in credit card bills. We want to buy this house was will have about a $1500 mortgage payment. Now, if we had those credit card bills gone, that's basically the mortage payment.
Does anyone know if when we take out this mortgage, can we also take out a little more to take care of our credit cards bills and then we just have this one big payment for our mortage and our credit card bills.
I should not out that the house is worth $260, but we are only paying $235 for it so really, it's like we are getting automatic equity right? And that could be used to pay for some of the credit card debt. I'm just worried they won't want to give us the loan because they will say we don't have enough money to pay for the mortage because of the credit card bills. This is a great house, we don't want to pass it up!
2006-09-03
16:55:52
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9 answers
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asked by
Amanda
2
in
Renting & Real Estate