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Can we take out a loan on an investment property and is selling home a good idea if I currently owe more on my two mortgages than the home is worth?

If you already have two mortgage on your property, then it will be difficult for you to get another mortgage on your investment property. However, if you sell off your existing property and pay off the two mortgages in full, then you can get a new mortgage for your investment property.

Sub: #1 posted on Tue, 03/08/2011 - 02:33

Anna Sweeting Anna Sweeting

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