Mortgage for Second Property - Need Advice
Just thinking too far ahead...
With an outstanding mortgage of about 600K, no other loans and about 200K in family income, is it possible to obtain a mortgage for second property for about 1 mil with 20% down? The first property would become investment property and could expect it to earn 2500 before taxes.
With an outstanding mortgage of about 600K, no other loans and about 200K in family income, is it possible to obtain a mortgage for second property for about 1 mil with 20% down? The first property would become investment property and could expect it to earn 2500 before taxes.