Wednesday, May 26, 2010

Buying a home but i want to put it on my car loan is it possible how do i go about this??

My family and i want to purchase a home listed for almost 79,000 but we just got into a new car payment as well. I dont want two different loans is it possible to get them on one loan? This is our first time buying...and our car payment is 550 a month is it also possible to not pay over 650 a month for the car and house or is it wishful thinking? I never dealt with a Realtor and i dont want to get screwed so any tips at all would be appreciated. And should i try to offer alot less first to see if they will take it or do i have to have it appraised by the bank were i am getting the loan?



Buying a home but i want to put it on my car loan is it possible how do i go about this??

Why on earth if you wanted a home did you go out and buy such an expensive vehicle?



What is your FICO score, how much total debt, your income?



Go see a lender and find out what you qualify for and how much it will cost you. As stated you are getting your cart before your horse.



Buying a home but i want to put it on my car loan is it possible how do i go about this??

You have it backwards. You buy the house and get enough to pay off the car, then you have one payment for the house.



Buying a home but i want to put it on my car loan is it possible how do i go about this??

If you were already in a house and had equity built up I would say you can refinance to try and cash in on that equity. From the start, I would say no. No one is going to lend you money for a house then combine a car into that loan.



Also, combining a car loan into a house payment (even in the refinance mentioned above) is a VERY BAD idea. Think about it. House loans are generally for 30 years. Why would you want to put your car loan in with your house loan? You will be paying for the car for the next 30 years. I seriously doubt you are going to have the car for 30 years so you will still be paying for the car long after you have gotten rid of it.



My advice, stop and take some financial planning courses to understand debt and loans before moving forward. Running into loans and debt blindly without understanding it is part of what helped this mortgage crisis move forward.



Buying a home but i want to put it on my car loan is it possible how do i go about this??

Nope, you can not finance a car loan into a purchase money mortgage. After you have owned the home for awhile then you can do a cash out refinance and pay off debts. Be careful of anyone that claims they can, do not give them any money for applications or appraisals



Buying a home but i want to put it on my car loan is it possible how do i go about this??

There are hundreds if not thousands of websites on the internet enumerating the ways to apply and receive home loan when you are plagued with bad credit issues. These sites help consumers with bad credit scores to increase the viability of their existing credit scores and set up loans regardless of their credit history.Companies that specialize in bad credit home loans; usually offer a wide range of options for consumers with bad credit%26lt;!--These options include Bad Credit Home Loans, Home Equity and Line of Credit (HELOC) Loans and different options for Mortgage Refinancing, making it possible for those with bad credit to realize the dream of owning their own home.You can find Home Loans here,



http://best-loans.awardspace.com/homeloa...



They also offer a debt consolidation offer which helps the home owner organize a comprehensive program for controlling their spending. Many consumers with bad credit are grateful for the opportunity to receive a second chance, sort to speak--%26gt;Bad credit hasn't stopped them from purchasing a home. There are several programs available for people with bad credit that helps to restore their credit status and to live debt free lives.



Buying a home but i want to put it on my car loan is it possible how do i go about this??

Well, a couple of things you might want to consider.I've had good luck here...http://carloan.featured-resources.info/b...



Buying a home but i want to put it on my car loan is it possible how do i go about this??

Well, a couple of things you might want to consider.I've had good luck here...http://homeloan.online-assistant.info/be...

No comments:

Post a Comment

 

High Risk Credit+ Cosigner Copyright 2008 All Rights Reserved Baby Blog Designed by Ipiet | Web Hosting