Can I still apply for another mortgage loan, while having another under my name?
Hi, I need some advice. I purchased a house three years ago for my parents/family, under my name, due to me having a better credit score(parents had their credit ruined from a previous loan). Now, my parents are completely paying off the mortage every month, and now I decided to purchase my own place. So, I would like to know is it possible to apply for another mortgage while having another under my name? My debt-income ratio is pretty low, with just the house mortgage under my name, any other are just daily expenses. Any help/suggestions would be much appreciated. Thanks!