Two homes and one mortgage
I’m looking to purchase a rental property and I will be funding the purchase with the equity in my current home that is almost paid off, about 75k left to go. Is it more beneficial to only have one mortgage for both properties, or should I keep them separate. I’m not sure how it will affect what I can use as expenses for the rental. Also rental mortgage rates are higher than principal residences, so I know I will be saving quite a bit there, I just want to make sure I’m not missing something.