How Many Mortgages Can You Have When Investing in Real Estate? Multiple Mortgages When it comes to mortgages, how many do you think is too many? You may be wondering how many mortgages you qualify for if you’re thinking about increasing your real estate holdings beyond just your primary dwelling. With the right planning and … Read more
Discover Everything There Is To Know About Wrap-Around Mortgages Real estate transactions can get sticky when a buyer isn’t able to secure a conventional mortgage loan. It may seem unattainable, but the parties may be able to find a way to get the money they need to conclude the sale. Wrap-around mortgages help buyers receive … Read more
How can I get a Mortgage Commitment Letter, and what does it entail? If you’ve been approved for a mortgage loan, your lender will confirm this in writing (a “mortgage commitment letter”). After a borrower has been preapproved, the lender will issue a mortgage commitment letter. The letter indicates to the applicant the maximum mortgage … Read more