[LANE2]

Hi
My spouse past in 08 and my name is on the house but as I was making the notes a surprise
Popped up he had got another loan on the house and me not knowing I signed the loan paper
But when he the loan without me so he died I'm stuck paying loan and house note so I need
To know is there some way that I can combine all this plus some other bills and have one
Payment without getting a attorney this is just too long to explain
Thanks

[LANE2]

2mortgages need information how to combine
Without having more fees

[stevetcg]

Have you called the mortgage company and asked them?

You can refinance...

Honestly, contact a mortgage broker and explain your situation. They will be able to best tell you how to proceed.

[lessaul]

Yes, you want to check with your bank or local lender about consolidating your debts. Most lenders are restricted on the maximum loan-to-value they can lend, most guidelines are 80% of the appraised value. You will still have to qualify for the new loan and with the taxes and insurances on the other property, however, if you lease the property and claim the income on your taxes, you should be able to off set that expense. I'd suggest taking a 30 year term mortgage, you can always pay more than the regular monthly payment if you wish to pay it off sooner (make 100% certain you don't have any prepayment penalty). Depending on your income, loan-to-value, and debt-to-income ratio, you should be able to consolidate your debts and ease your financial worries. If I can personally assist you, I can be reached at [email protected]