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Updated over 2 years ago,

User Stats

15
Posts
14
Votes
Mason Blake
  • New to Real Estate
  • San Francisco
14
Votes |
15
Posts

How many 2nd home mortgages can you take?

Mason Blake
  • New to Real Estate
  • San Francisco
Posted

I have it in my head, probably from listening to many many REI podcasts, primarily BP, that one can only take out a single 2nd home mortgage at a time. If you wanted to do an additional 2nd home mortgage, you'd have to pay off the first or do something creative to "release" said mortgage product.

Do I recall incorrectly? My mortgage broker tells me that there is no limit, but this doesn't seem right. 

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