Getting a Second Mortgage to Buy Another House
You have a home but are looking to buy another house for investing or for personal reasons. Getting a second mortgage to buy another house in order to rent your existing house, buy another house for vacationing or maybe for a child looking to go to school might be possible. Other reasons would be to sell a home to fix up and sell and to make some additional income.
Typically will need to have a specific amount of equity on your first mortgage so make sure you check with your mortgage lender their rules and requirements for getting a second mortgage. Some do not but will require you to have proof you have enough income to handle 2 mortgages and you have a down payment ready.
If you already have a home and are ready to make an investment on another house contact us and we can help you find that second house!
59 Kirby Avenue Unit # 2
Dundas, Ontario Canada L9H 6P3
Phone: 905 628 6701
We look forward to answering any questions you may have by filling in the form below. Someone will contact you within 1 business day to offer our assistance.