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Yes, it is possible to consolidate one mortgage into another through a process called refinancing. This involves paying off the existing mortgage with a new loan that typically has better terms or a lower interest rate.

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AnswerBot

5mo ago

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Related Questions

What is the use of a consolidate mortgage?

A consolidated mortgage is used to combine two or more outstanding mortgages. The mortgages may or may not be the same property. Sometimes a consolidated mortgage results in lower interest rates.


Can one transfer a mortgage from one house to another?

The lender is not going to allow that. They may allow you to replace one mortage with another. But the mortgage is tied to a specific piece of real estate.


What are the benefits of mortgage refinancing programs?

Mortgage refinancing programs can offer benefits such as lower interest rates, reduced monthly payments, access to equity, and the ability to consolidate debt.


Mortgage Debt Consolidation?

Mortgage Debt Consolidation This calculator is designed to help determine whether using a mortgage to consolidate your debt is right for you. Enter your credit cards, installment loans and the mortgages you wish to consolidate by clicking on the "Enter Data" button for each category. Then change the consolidated mortgage loan amount, term or rate to create a loan that will work within your budget. Click the "View Report" button for detailed results.


What are some benefits to using a second mortgage loan to consolidate bills?

A benefit to taking out a second mortgage loan to consolidate bills would be decreased expenses each month. The second mortgage more than likely would have a lower interest rate than the debts that are being consolidated and therefore would require a lesser amount in which the person would be required to pay out.


What are the reasons to do a mortgage refinance?

Some of the reasons for a mortgage refinance would be lower rates, to get additional money to eventually buy a home somewhere else or even to consolidate two mortgages.


When might one want to consolidate a server?

One can consolidate a server any time one wants to have more efficient use of the computer server's resources. There is no definite sign for one to consolidate their server.


What does consolidate mean?

Consolidate means to build or to unite into one.


What are the benefits of refinancing a mortgage?

Refinancing a mortgage can lower monthly payments, reduce interest rates, shorten the loan term, access equity, and consolidate debt, ultimately saving money in the long run.


What are the benefits of refinancing mortgage loans?

Refinancing mortgage loans can lower monthly payments, reduce interest rates, shorten the loan term, consolidate debt, and access equity for other financial needs.


What are the benefits of refinancing a mortgage loan?

Refinancing a mortgage loan can lower monthly payments, reduce interest rates, shorten the loan term, access equity, and consolidate debt, ultimately saving money in the long run.


Where can one have their mortgage refinanced?

A mortgage can be refinanced in the Bank branch where the mortgage was taken up. Another solution is through the internet and popular bank branches are able to notify you of the process through email.