Consolidating debt with a new mortgage single dating u s a
The banks aren't getting reckless, though -- they're just coming to realize that standards may have toughened too much after last decade's losses."The Pendulum", as some in the business say, is swinging back to common sense.
This especially applies to the prospect of rolling your student loan debt into a mortgage.
Rolling student loan debt into a mortgage (also known as “debt reshuffling”), allows you to refinance your mortgage with either a new loan or an additional home equity loan.
The money from this new loan can then be used to pay off your student loan debt.
Not only have mortgage approval standards loosened since the start of the decade, but consumers have greater access to mortgage lenders than during any point in history.
Brick-and-mortgage banks are seemingly everywhere and, for consumers with existing banking relationship, branches can be an excellent place to give a mortgage applications for a conventional loan, FHA loan, VA loan, or USDA loan.