I don't know enough to answer --- but yes you can if you have enough equity in your home and the credit to do so. --- But I would not like to see an auto loan (depreciating asset) in a home mortgage (appreciating asset).
Is it possible to do a debt consolidation loan for a current mortgage loan, auto loan, and personal loan?
if you have enough equity on your house you can get a home equity loan to pay off the personal and auto loan.
Is it possible to do a debt consolidation loan for a current mortgage loan, auto loan, and personal loan?
It could be. I'd suggest you inquire at your bank. You may also want to see whats offered by reputable online companies - perhaps try a site like
http://www.creditcarddebt-consolidation....
and compare whats offered.
Is it possible to do a debt consolidation loan for a current mortgage loan, auto loan, and personal loan?
Practically any type of loan can be wrapped into the debt consolidation process. Common types include finance charges, late fees and overdraft charges, credit cards, personal loans, utility bills, medical bills, car loans, store cards, gas cards and back taxes. A debt consolidation loan%26lt;!--allows you to condense your monthly payments into a single, simple bill, while lowering your interest rates and helping you pay down your debts more quickly and easily. It is also an essential tool in avoiding the much more serious step of declaring bankruptcy.
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Unlike bankruptcy, in which debts are cancelled and your credit rating collapses completely, debt consolidation loans are essentially a type of refinancing, where several--%26gt;old loans are replaced with a new one that has more favorable terms. Your loan consultant will negotiate with creditors on your behalf, so you閳ユ獟l no longer have to deal with harassing phone calls and daily mail.
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