Can you transfer your credit card debt onto your mortgage?

Answer

Yes, you can. If you own a home and do a cash out re-finance as long as you have enough collateral in your home you may include all of your debts into the loan as well. So instead of making 20 different payments a month you can consolidate all your debt into your mortgage. Go to a large mortgage company like Wells Fargo rather than a broker. Small places tend to charge points and if your credit is good and income is good they should not have to charge you outrageous fees. Alot of places will charge for the appraisal fee upfront which is usually between $200 -$500. Also you can have all the closing fees in the mortgage as well so you will not need to bring any cash to closing. And if you have room to you could even take out extra cash for say other things like a vacation or something.

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