Is it possible to do a debt consolidation loan for a current mortgage loan, auto loan, and personal loan?

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Is it possible to do a debt consolidation loan for a current mortgage loan, auto loan, and personal loan?

4 Comments
  1. Reply
    golferwhoworks
    January 27, 2011 at 6:49 pm

    I don’t know enough to answer — but yes you can if you have enough equity in your home and the credit to do so. — But I would not like to see an auto loan (depreciating asset) in a home mortgage (appreciating asset).

  2. Reply
    Chad B
    January 27, 2011 at 6:51 pm

    if you have enough equity on your house you can get a home equity loan to pay off the personal and auto loan.

  3. Reply
    careersfx
    January 27, 2011 at 7:22 pm

    It could be. I’d suggest you inquire at your bank. You may also want to see whats offered by reputable online companies – perhaps try a site like

    http://www.creditcarddebt-consolidation.org/

    and compare whats offered.

  4. Reply
    Carol
    January 27, 2011 at 8:12 pm

    Practically any type of loan can be wrapped into the debt consolidation process. Common types include finance charges, late fees and overdraft charges, credit cards, personal loans, utility bills, medical bills, car loans, store cards, gas cards and back taxes. A debt consolidation loanold loans are replaced with a new one that has more favorable terms. Your loan consultant will negotiate with creditors on your behalf, so you’ll no longer have to deal with harassing phone calls and daily mail.

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