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Updated over 7 years ago on . Most recent reply

Elena K.'s profile image
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Elena K.
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Elena K.'s profile image
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Elena K.
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Elena K.
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1
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9
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Starting Out

Taking out a Mortgage Loan against my condo to buy a fourplex

Elena K.
  • —
Posted

Hello, I am fairly new to BP and i was wondering if it is smart to take out a Mortgage Loan against my condo and use that money to buy a triplex or fourplex in Texas?

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Harjeet Bhatti's profile image
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Harjeet Bhatti
  • Lender
  • from Glenview IL- CDLP NMLS#230554
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Harjeet Bhatti's profile image
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Harjeet Bhatti
  • Lender
  • from Glenview IL- CDLP NMLS#230554
  • Member since Apr 21, 2015
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Harjeet Bhatti
  • Lender
  • Glenview IL- CDLP NMLS#230554
746
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Harjeet Bhatti
  • Lender
  • Glenview IL- CDLP NMLS#230554
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When you take mortgage on primary residence your interest rate will be lower compare to investment.  

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