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First-Time Buyer |
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I am a soon to be first time homebuyer and I have a new car note. Can I include the car note in the mortgage or any other debts I may have. |
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A mortgage is really a written promise that your real estate can be taken to pay off the loan if you fail to pay it yourself. You certainly can't borrow more than the property is worth. Nor should you take on a 30-year debt to pay for a car that will be history long before you get the loan paid off. |
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Edith
Originally published on December 25, 2007 |
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