Can we keep both our properties and buy a new one?
Hi, everyone! We own two fully paid properties in San Francisco. We are considering selling one of them to pay for a new primary home in Southern California. Is it possible for us to keep all properties? What programs are available in our situation if ever? by jdhadler487 from Riverside, California. Jun 21st 2022
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions
In theory, sure, you can keep those properties and buy a new one. In practice, it will actually come down to simple qualifications. While the homes may be paid for, the lender will be required to add the taxes and insurance on those properties into the next how mortgage debt ratio calculations. As long as you can afford it all... No issues... I lend in MN Wi IA SD ND. reach me at JoeMetzler.com - Cambria Mortgage - NMLS 274132
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