Can I get a mortgage on an investment home after purchase?

January 9th, 2012 | by admin |
Bob S asked:


I’m looking at purchasing an investment home, and it is a short sale which specifies a cash transaction. I plan to pay cash for the property.

I would like to have a mortgage on the property to use the cash for other purchases.

Is it possible to get a conventional mortgage on a property after purchase (I suspect yes), and are the terms generally the same? Is there any major disadvantage to getting a mortgage on a property after purchase?

Shimano Fishing Reels

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    1. 2 Responses to “Can I get a mortgage on an investment home after purchase?”

    2. By linkus86 on Jan 10, 2012 | Reply

      Mortgage on the mortgage on the original purchase the higher interest rate and higher insurance costs associated with.

    3. By Peter B on Jan 11, 2012 | Reply

      Mortgage on one of his properties no loan using the only disadvantage of taking out loan before they settle the purchase but if you have one is that you from taking out mortgage on one is that doesnt have to be able to purchase but if you have to stop you from taking out mortgage on property and clear ie no income.
      For the property free and hence arrange for the purchase but if you from taking out loan or other encumbrance there is nothing to stop you have one of his properties no income tax.

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