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Can I take out another mortgage loan if I’m current on one home loan?

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I have a home where I live. I wish to buy another home to stay occasionally or to give it on rent. Can I obtain a mortgage loan to do so?

You can purchase a second home, a vacation home, by taking out a mortgage loan. However, before doing so, analyze your financial condition to assess whether or not you’ll be able to manage the second loan well. Your mortgage lender will assess your financial condition and decide whether or not to grant your loan request.

Sub: #1 posted on Thu, 06/09/2016 - 10:17

phoenix phoenix
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