Posted on: 10th Jun, 2010 08:39 am
If I currently have a morgage 1 1/2 years old. Can I obtain another morgage, on a a second property in my name in the stae of PA?
hi cmclee!
welcome to forums!
if you already have a mortgage on one of your properties, it will become difficult for you to qualify for a second mortgage in order to buy another home. nevertheless, you should contact the local lenders and apply for a second mortgage. if the lender feels that you've the financial capability to pay another mortgage, he may give you a loan.
feel free to ask if you've further queries.
sussane
welcome to forums!
if you already have a mortgage on one of your properties, it will become difficult for you to qualify for a second mortgage in order to buy another home. nevertheless, you should contact the local lenders and apply for a second mortgage. if the lender feels that you've the financial capability to pay another mortgage, he may give you a loan.
feel free to ask if you've further queries.
sussane