How to Buy Another House When You Already Have a Mortgage

how do i get a loan to buy a house

by David Rouse

Many homeowners have mortgages on more than one home.

Determine your budget to purchase the second home. Decide how much the down payment should be and how much of a monthly payment you can afford. Be sure to include the property taxes, the hazard insurance and the association dues in calculating the maximum monthly payment. Contact the mortgage lender and apply for the mortgage.

Trending in Your Area

Key Items to Negotiate When

Buying a House

One of the most important items to negotiate when.

  • Is the Renter or Landlord Responsible for.

    As a general rule, the landlord is responsible for.

  • How to Get Out of My Buyer's Agent Agreement

    Getting out of a buyer's agent agreement can be.

    What Type of Siding Do Home Buyers Prefer?

    The type of siding that home buyers prefer will vary.

    Source: homeguides.sfgate.com

    Category: Credit

    Similar articles: