When to get another mortgage
I am almost paid off on my mortgage (a two family home). I want to purchase a new single family home and rent the first home. Should I wait until I have completely paid off my mortgage before applying for a second? and why.. by joanna229 from Glendale, California. May 6th 2010
Gregorio Denny (GVDenny)
#257 ranked lender in California - 380 contributions
Rates are very low right now and it's a good time to make the move you have been waiting for. As long as you have equity in your first home, which it appears you do, you should have no problem using rental income to qualify for a new one. Give me a call to discuss. Gregorio Denny --WeFixRates.Com--
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