If take out a debt consolidation loan secured through your home will that affect if we try to refinance mortg?
Stephanie B asked:
needing to consolidate credit card debt. but would like to in future refinance home soon. will it cause a problem with refinance if secure with home?
Eldridge
needing to consolidate credit card debt. but would like to in future refinance home soon. will it cause a problem with refinance if secure with home?
Eldridge
5 Responses to “If take out a debt consolidation loan secured through your home will that affect if we try to refinance mortg?”
You will have to finance everything into one loan and then go back and reopen a line of equity credit.
The rate this should not mean that the debt consolidation loan should be considered bad it will not necessarily impede your equity thus exerting positive affect on either or both loans.
Yes it will
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