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Updated almost 3 years ago on . Most recent reply

Alex Ng's profile image
Alex Ng's profile image
Alex Ng
  • Member since Jan 26, 2023

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82
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46
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Alex Ng's profile image
Alex Ng's profile image
Alex Ng
  • Member since Jan 26, 2023
Alex Ng
46
Votes |
82
Posts
Private Lending & Conventional Mortgage Advice

97% conventional loan

Alex Ng
Posted

Hi I plan to purchase a property in cash and then refinancing it later on. For 2nd property I wanted to use the 97% conventional loan. Its intended for first home buyers so if I already have an investment property, would this disqualify me from the 97% loan? Should I buy the investment property in cash  after using the 97% loan then?

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