- Find a Real Estate Professional
- Alabama Realtors®
- Alabama Mortgage Lenders
- Alabama Home Improvement Pros
- Alabama Other Real Estate Services
- Review an Agent, Lender or Pro
- Marketing on Zillow
- Real Estate Agent Advertising
- Join the Professional Directory
- More
Answers (7)
- Debra (Debbie) Rose, "Livingston NJ"
- Contributions:2737
well, since you already know, from all the responses, that combining both loans is a possibiity... and depends on a number of things............ let me simply say.......Congratulations on your new baby!!
all the best...........
all the best...........
- Tom Rydberg, "rydbergtom"
- Contributions:50
Yes but there may be better options. Make sure you ask for a "NO CLOSING COST OPTION"
- Gordon Haraway, "1stTimebuySpecialist"
- Contributions:250
- Bob Willett, "SacRELender"
- Contributions:194
Is it possible to combine an equity line and a 1st mortgage? Yes.
Can you? That would depend on several things: 1) when was the last time you took a draw on the equity line? How much is the home worth? What are the balances on the two loans? What is your credit score? What is your income, and what is its source? What other bills do you have?
Sorry. You probably wanted a simple answer to what you thought was a simple question. The truth is the answers to all of these questions are needed to determine what options you might have.
- Dave Skow, "daveskow"
- Contributions:1106
all depends on
equity in home ..what are balances on loans and value of home ?
your ability to qualify
equity in home ..what are balances on loans and value of home ?
your ability to qualify
- Clay Branch, "Georgia Loans"
- Contributions:7839
What are the balances of both loans and the estimated home value?
- Hamp Yonce, "Zilluminati"
- Contributions:3463
Quite possibly. If you were able to get an Equity Line, last year, that is a good sign. Have you spoken to your current first mortgage lender to see if they could combine the two?
if I have a mortgage but also a home equity line of credit can I combine the two into one mortgage
We adopted a baby this last year and had to take out a home equity line of credit. We are looking to refinance our original mortgage but we would like to combine if possible the home equity into this mortgage. We have excellant credit. Can you tell me if this would be possible
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.