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Updated over 9 years ago on . Most recent reply

David Malott's profile image
David Malott's profile image
David Malott
  • from Yucaipa, California
  • Member since Nov 2, 2015
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13
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David Malott's profile image
David Malott's profile image
David Malott
  • from Yucaipa, California
  • Member since Nov 2, 2015
Connect
David Malott
  • Yucaipa, CA
2
Votes |
13
Posts
Buying & Selling Real Estate

Loan qualification

David Malott
  • Yucaipa, CA
Posted

I have recently been pre-qualified for a loan of $125,000 to buy investment property. I'm planning on selling my principle residence, move and buy a new principle residence in my new location. If I buy an investment property with a mortgage, how will this affect my ability to get a mortgage on my new principle residence? Would it be safer and less headache to buy my new principle residence before buying the investment property?

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