debt roll over to mortgage

Home Forums Purchase Program debt roll over to mortgage

This topic contains 5 replies, has 4 voices, and was last updated by  vwilliams 3 weeks, 5 days ago.

Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • #39042

    todd87
    Member

    Do NACA allow you to roll debt over to your mortgage?

    #39044

    BleuBlue
    Member

    As in consolidate your bills with your mortgage?

    Doesn’t seem too likely @todd87

    • This reply was modified 1 month ago by  BleuBlue.
    #39047

    todd87
    Member

    Yes. like a credit card debt. Someone told me this was a good thing to do.

    #39048

    BleuBlue
    Member

    I don’t think I heard of that at the NACA workshop, but you should prob ask those that closed. To see if that’s an option.

    #39090

    TTrumble
    Member

    Hello todd87,

    No, you may not add anything to the mortgage. Only the purchase itself and funding for necessary repairs/renovations may be included in a NACA loan.

    Tim Trumble
    Online Operations, NACA
    ttrumble@naca.com

    #39097

    vwilliams
    Member

    Can the sellers contribution to buyer be used to pay debt?

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