answersLogoWhite

0

Of course as long as you have the income to support both loans. If you are past due with your school loans the process will be much more difficult.

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

Can you get a loan if you owe another lender?

can I get a loan if I owe another lendor/


Student loan if school chapter 7?

You owe the loan. The bankruptcy of who you gave it to makes no difference on who or what you owe your debts. (And if you owe the school money, you will be required to pay it too, and that money will be used to pay some of the debts of the BK school.) It would seem you just made a bad, and possibly costly, choice of places to buy an education from.


Will they take your federal tax return if you owe a school loan?

If the loan had a government guarantee or insured aspect, and your in collection status, yes.


How can you refinance a home loan if you owe more than your property is worth?

More than likely if your credit is good you can still refinance a home that is valued at less than you owe. You would have to roll the difference in what it's worth and what you owe into the new loan. This would only be beneficial if the new loan had a much lower interest rate than your current loan. You can consult a mortgage professional for further details on your options regarding the situation.


In Texas can your home go to auction if the HOA has a lien on your home?

A lien will not prevent your home from going into auction. Apparently, you owe someone for the loan to purchase the home, or you owe the HOA past-due assessments, or other debt for whicih your home is security.


Can your parents get a loan if they have a loan that they already owe on?

yesss


How can you get out of a car loan without a repossession?

Sell it for what you owe if it is possible. Pay off the loan, get the title and sign it over to the new buyer. If you cannot get what you owe, then get as much as you can. Get a personal loan from the bank to pay of the remaining balance. The personal loan is better than the amount you owe on the car.


How can I take out a loan against my house?

To take out a loan against your house, you can apply for a home equity loan or a home equity line of credit (HELOC) through a bank or mortgage lender. These loans allow you to borrow against the equity you have in your home, which is the difference between the value of your home and the amount you owe on your mortgage. Keep in mind that taking out a loan against your house puts your home at risk if you are unable to repay the loan.


How does one add the closing cost to their home loan?

This could be done by taking out another loan on top of the loan which is already in place, although it would heavily increase the amount you owe and put you in horrific debt.


WHAT is a stand alone second mortgage and what happens to it when a home goes to foreclosure?

A stand alone second mortgage is another loan that is taken out against your home when the first loan is still in order. If your home goes to foreclosure, you will still owe this money as well.


What does LTV in mortgage means?

LTV stands for "loan-to-value." In short, how much you're borrowing versus how much the home is worth. For example, if a home is worth $100,000 and your loan is for $80,000, then you owe 80% of the home's value, therefore the LTV is 80%.


What is the balance on a loan?

The balance means the amount of money that you still owe on the loan.