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Question by monkeyluckproductions: Is there a way to get a mortgage for a higher amoutn than what the property may actually be worth?
I have a lot of student loan debt (90k+) and I am looking to buy a house. Is there a type mortgage that will let me roll the amount of debt I have into it? I have tried loan consolidation but the rates are so high. I have looked at different mortgages at a rate of about 7% and financially I would be able to afford that. I cannot afford a mortgage payment and a student loan payment separately because the interest rates on my student loans are almost 10%.

Best answer:

Answer by newjerseyguy
No. No lender will let you borrow more than can be secured by the property.

Add your own answer in the comments!

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