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Residential mortgages

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kurial Guest	Posted: Tue Dec 27, 2011 1:05 am    Post subject: Residential mortgages Like 0 Dislike 0 Can you please let me know if it is possible to have two current residential mortgages? Can I apply for a new residential mortgage if I'm already on other loan? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
Niicss Joined: 03 Oct 2005 Posts: 4834 Location: New Jersey 508.88 Dollars($)	Posted: Tue Dec 27, 2011 1:44 am    Post subject: Like 0 Dislike 0 As far as I know, if you have the required credit score and income, you will be able to get two current residential mortgages. I don't think you'll face any issues in getting the loans. _________________ Good is the Enemy of Great.
chrisgummerson Community Expert Joined: 29 Apr 2010 Posts: 704 Location: La Palma, CA 9.98 Dollars($)	Posted: Tue Dec 27, 2011 12:56 pm    Post subject: Like 0 Dislike 0 You can have as many residential loans open at any time that you can qualify for. You may be asking if you can have more than one Primary, or Owner Occupied residential mortgage at one time. No you can not. You can only have one primary or owner occupied loans at a time. You can have a primary home, then a second home, or any number of investment property loans. Good luck _________________ Chris Gummerson Bay Valley Mortgage Group bayvalleymortgage.com 714-367-5125

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