Conventional mortgages-multiple flips

[Deyano M.]

Current: No prepayment penalties on a 2nd home mortgage through two lenders we have spoken to at length.

Scenario: If we successfully flip 2-3 months after closing- pay the loan off completely and contact the same lender again for the same or similar loan for another property (to flip), how will they react? As far as I can tell, there is no policy against doing that.

I'm not going to come out and tell the bank the loan is to invest in real estate for a flip project. I asked the rep I spoke to specifically- are there any penalties for repaying early- she said no...

I welcome any advice or experience from all...