, you can roll the old balance of the loan into the new one. This is common practice in the industry, and it shouldn’t pose a problem provided that this added amount doesn’t go above your lender’s loan-to-value ratio on your loan.
However, you should also consider how much you’re rolling over into the new loan. If the balance is too high, you’ll get into an
app—we’ll get you personalized quotes from top providers in seconds, so all you need to do is choose the plan that works best for you. (And once you choose, we’ll even help you switch!)
Congrats on the new ride, and best of luck with the loan!
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.