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Updated over 6 years ago,
Looking to take a mortgage out against a house that i already own
Hi everyone,
I recently purchased a home in upstate New York with cash that i got from a private investor. In order to pay that investor back i was looking to take out a mortgage against the house that i already own, give the investor his cash back and then pay the house off through that mortgage that I’ll hopefully get.
I was wondering if anyone knew the best place to go about getting this mortgage or a place to find the best rates or if what i trying to do is even possible! I️ am new you real-estate investing and am open to any/all the help I can get! Thanks for listening!
Best,
Tommy Nolan