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Up for the quarter, down for the year? See what's happening with home affordability in our latest "Income you need to buy a home in the top 50 metro areas".

Up for the quarter, down for the year? See what's happening with home affordability in our latest "Income you need to buy a home in the top 50 metro areas".

Can I consolidate a second mortgage with a car loan?

Q: Is there a product that allows me to consolidate a second mortgage with an auto loan to have one debt?

A: You can possibly refinance your second mortgage to a new second mortgage or home equity line of credit, provided you have sufficient equity to cover the increase in borrowing.

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Keith Gumbinger
Keith Gumbinger
Mortgage Expert
Vice President, HSH.com
About Keith: Mortgage market observer and analyst with 35 years experience... (more)
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Q: How are mortgage interest rates determined?
APR 25, 2023
A:

Mortgage rates fluctuate from day to day, depending on a number of factors related to the economy and to choices made by investors. While some mortgage money comes from deposits held by banks and credit unions, most of the funds for borrowers come from investors in capital markets.

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Q: Why are mortgage rates higher for investment properties than for second homes?
APR 24, 2023
A:

Investment properties usually run about one percentage point higher than owner-occupied residential mortgages.

Read More
Q: What loan amount does a mortgage need to be for it to be considered a Jumbo Loan?
JAN 09, 2023
A:

This question used to have a simple answer, since there was a "bright line" definition -- the conforming loan limit....

Read More
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