Consolidating two auto loans

Posted by / 02-Nov-2017 15:59

Consolidating two auto loans

Required DTI levels vary by loan program, and lower DTI caps mean you must have more money in your pocket at the end of the month after paying all monthly debt bills.

For the financially savvy small-business owner looking to free up some extra cash, consider refinancing or consolidating loans with high interest rates.There are many types of loans that tap equity from your home.You can consolidate debt, including a car payment, into one manageable loan by doing a cash-out refinance.You must meet the DTI ratio requirements of the loan program.The maximum DTI is 50 percent through a Fannie Mae cash-out refi.

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An Auto Loan or a Home Equity Loan could be just the right answer for your credit consolidation needs.

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