My grandparent are willing to co-sign for a loan for me. Is there any way to get more than the house is worth so I can pay off my credit card debt (8k)? If I could get more than the house costs I could afford to own a house (instead of living with my mother indefinitely) but if not, I wouldn't be able to afford a mortgage payment plus credit cards. Right now, I'm paying around $600/mo towards my debt, so I could afford at least that much in a mortgage payment. I just wonder if it's possible to get more than the house is actually worth, especially with the economy how it is.
Read more: Can I get a mortgage loan for more than the house costs?
