Pitfalls Of Consolidating Debt With A Refinance

Home Loans

Pitfalls Of Consolidating Debt With A Refinance
(presented by www.refinance-refinance.net - mortgage lenders)

By Ben Afzal

Debt Payoffs

A mortgage lender will evaluate your current credit report and often decide which of you consumer debts to pay off.

These consumer debts can include: credit cards, student loans, bad debt, car loans, etc.

If there is enough equity in your refinance they may be able to pay off all of this debt.

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Because mortgage lenders are using your credit report it is usually hard to hide your debts from them.

A mortgage lender may insist on paying off some debts

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This entry was posted on Wednesday, October 18th, 2006 at 2:29 am and is filed under Refinance. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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