Question by brianlr2000: when refinancing your mortgage?
when refinancing the mortgage do they add on the additional credit card debt and or car loans you have made since acquiring your first mortgage???
Answer by Judy
If you have enough equity, you can probably do that, but it’s a bad idea since then you are paying interest on that credit card debt or car loan for maybe 30 years, and could lose your home if you couldn’t pay it.
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