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Need to buy a new home but already have 2 mortgages
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We are planning to purchase a new home, and we are really so excited and happy. But, since we do not have enough funds, we will have to depend on a mortgage or a home loan. But there are already 2 mortgages going on which was taken for our business.
We don't want to live anymore in the rented house. Fed up hearing the homeowner's complaints. And every time keeps on charging more rent from us. I am already paying a lot and so I have decided to buy a new home.
But, as we have already 2 mortgages and loans running can we opt for another loan? My friend suggested me to go for debt consolidation service but I don't have any knowledge on it. What will be the interest rate that I will have to pay?
If you guys have any idea on this do let me know.
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