Thursday, February 18, 2010

Rbc Lease Calculator Is It Possible To Increase My Mortgage To Pay Off Debt?

Is it possible to increase my mortgage to pay off debt? - rbc lease calculator

My husband and I are students and while we were waiting to save enough money in the summer months, something that seems gone forever, and suck all that we hold to. We need money to lease a car for the winter that we are not able to pay our student loans. Could they still a couple of thousand dollars on my mortgage, and then use that money to pay for the car?

If anyone has any suggestions, which really helps. My bank is RBC (Royal Bank of Canada)

2 comments:

Wayne Z said...

No

I am a big fan of extra payments for a mortgage, but the biggest negative is that it is not liquid. Under the assumption that the value of the house is finished, the only way to achieve this goal is to make another loan, and in such cases the bank may say "No".

Your only option is to take what you more per month, but in a savings account or even a CD that matures when you need money. Do not pay extra on your mortgage, if you go, that need money in a few months.

Edit

You have to really raise the refinancing or a home loan, the amount due on your property and cash. If you could on your credit, income and not on the value of theirHome.

Mr. Prefect said...

Do you want money to add your mortgage, and then use that to pay the money for a car. Do not think that there is no concept of money or a mortgage at all. All you pay to your mortgage before it is included on the back.
My question is, if thousands of spiders, why not, that the money to get out of debt?

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