Taking a mortgage out for a third house?
Hello everyone. I had a question. I haven’t visited a mortgage lender yet because I was just thinking of this recently. I have two houses that I pay mortgages on. My primary home which I live in, and I have a second home that is occupied by tenants. My question is, with all the forclosures out there I was considering a third. Would I be able to get that third mortgage to buy a home for investment purposes? I’ve never been late on a payment and also can afford three mortgages if I can’t find a renter to occupy it. I just ask because I heard due to the defaults on mortgage payments, that it is extremely difficult now to get a mortgage loan.