Comments on: Can I add my student loans onto a mortgage? http://booksmartloans.com/can-i-add-my-student-loans-onto-a-mortgage/ Fri, 19 Dec 2008 09:14:17 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Becca http://booksmartloans.com/can-i-add-my-student-loans-onto-a-mortgage/comment-page-1/#comment-63 Becca Fri, 21 Nov 2008 13:59:27 +0000 http://booksmartloans.com/can-i-add-my-student-loans-onto-a-mortgage/#comment-63 No, student loans and mortgage are two different things. No, student loans and mortgage are two different things.

]]> By: stefa1mg http://booksmartloans.com/can-i-add-my-student-loans-onto-a-mortgage/comment-page-1/#comment-62 stefa1mg Thu, 20 Nov 2008 01:05:12 +0000 http://booksmartloans.com/can-i-add-my-student-loans-onto-a-mortgage/#comment-62 Why would you want to? The current mortgage rate is almost to 7% while most school loans can be locked in at a lower rate. As long as your income is low enough to allow you to deduct the student loan interest, I can't see why you would want to even if you could. I just graduated from law school and I'm closing on my house in two weeks. My mortgage is at a much higher rate than my school loans. Why would you want to? The current mortgage rate is almost to 7% while most school loans can be locked in at a lower rate. As long as your income is low enough to allow you to deduct the student loan interest, I can’t see why you would want to even if you could.

I just graduated from law school and I’m closing on my house in two weeks. My mortgage is at a much higher rate than my school loans.

]]> By: pg412 http://booksmartloans.com/can-i-add-my-student-loans-onto-a-mortgage/comment-page-1/#comment-61 pg412 Mon, 17 Nov 2008 08:29:06 +0000 http://booksmartloans.com/can-i-add-my-student-loans-onto-a-mortgage/#comment-61 No - A mortgage company will not lend you more money than the purchase price of the house. In the current market, even with good credit, they will probably only lend you 95% of the purchase price. Some companies are still doing 100%, but not many. After you've owned the home for a few years and built some equity, you would then be able to refinance your mortgage and possibly consolidate (include) the student loans. No – A mortgage company will not lend you more money than the purchase price of the house. In the current market, even with good credit, they will probably only lend you 95% of the purchase price. Some companies are still doing 100%, but not many.
After you’ve owned the home for a few years and built some equity, you would then be able to refinance your mortgage and possibly consolidate (include) the student loans.

]]> By: curmudgeon http://booksmartloans.com/can-i-add-my-student-loans-onto-a-mortgage/comment-page-1/#comment-60 curmudgeon Mon, 17 Nov 2008 01:25:04 +0000 http://booksmartloans.com/can-i-add-my-student-loans-onto-a-mortgage/#comment-60 no. but after a while you can get an equity line of credit and use that. no.
but after a while you can get an equity line of credit and use that.

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