I would like to get rid of my Professional Line of Credit (this was my student loan). I have around $40Gs left on it and I would like to put it on my mortgage and just pay a higher bi-weekly mortgage payment. Can I do this? and how?
You would have to refinance your current mortgage and use the equity in your home to payoff the existing loan, assuming you have 40K in equity.
Can I combine my PC Home Mortgage with my Scotia Bank Professional Line of Credit?
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You will need to go through a process to refinance the mortgage and get a cash out of the equity built up in the house. Then use the cash to pay off your line of credit.
If there is no equity in the value of the house then you can not do this.
References :
You would have to refinance your current mortgage and use the equity in your home to payoff the existing loan, assuming you have 40K in equity.
References :