Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 11 years ago on . Most recent reply

User Stats

29
Posts
8
Votes
John Giamundo
  • Commack, NY
8
Votes |
29
Posts

to get a conventional investment mortgage what is better?

John Giamundo
  • Commack, NY
Posted

Hello all, one of the things i am wondering as I contemplate how to prepare to get involved in the real estate game is getting a mortgage for an investment property while i already have a hefty home mortgage. I live in NY so everything is expensive. My home mortgage is pretty big, and I have student loans that appear as if they will never go away. I also have some credit card debt. Would I be better served looking to attack my student loans before my credit card debt or does it not matter for mortgage application purposes? A strict interest rate analysis would make this issue a no brainer, the credit cards bear heavier interest burdens. A strict emotional analysis would have me attacking the never ending student loans. But I dont know if the analysis changes when considering future investment property. Love to know what you all think, or if I dont make sense.

Loading replies...