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Updated over 11 years ago on . Most recent reply
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to get a conventional investment mortgage what is better?
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.