Newbie Mortgage Related Question

kiy818

Hi to everyone,

Would kindly appreciate it if any one can help me with the following:

I'm interested in purchasing a 2nd property and my current status is that I own my current house outright.

Does any1 have any idea if I could obtain a mortgage based on my current property.

Thanks in advance

Kiy

brannyrhino_2

You could capital raise up to 90% of the value of your current property valuation and use the funds to buy the second property.

kiy818

hi brannyrhino

many thanks for your reply-much appreciated

herbiesjp

Providing your income will support such a loan amount.