Will Investment Mortgage Hurt Chance Of Getting Mortgage For My First Home?
First I want to say this thanks to all of the investors that give all the great advice on this website. I graduated from college last year and I just bought a home. it is a pre construction condo in chicago. I want to start investing, but I dont want my mortgage on an investment to hurt my chance of keeping my mortgage for my condo. it will be complete in a year and i was told in 6 months they will evaluate me again for the mortgage. If I have an investment mortgage will that get me denied in 6 months. I was approved with no problem and I have great credit. thanks sorry the post was long.
thanks for your comments. thats good advice
thanks for that. if I got a home sub to would that effect anything on my end. sorry is this is a simple question I just dont want to assume.
Taking a property subject to the existing finance will keep that mortgage off of your credit report, thereby, giving you the ability to do unlimited deals (at least in the eyes of financing)
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thanks for your comments.