How long before taking out one mortgage can I take out a second?
Is there a waiting period required for getting a second home with the same lender? by user46113355 from Elizabeth, New Jersey. Jun 19th 2014
William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions
You can apply anytime, and you can use the same lender or a different one.. typically, you can have up to 10 financed properties, however most lenders will not finance you on more than 4 with any one lender.. so long as you don't have more than 10, and you have sufficient income and down payment plus reserves, you should be ok.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com
Sharon Duffy (sduffy)
#70 ranked lender in Pennsylvania - 595 contributions
As long as you qualify you can apply at any time. I am a lender in New Jersey if you would like to give me a call.Sharon 732 606 6264
Dave Metsker (DaveMetsker)
#35 ranked lender in Oregon - 2,318 contributions
No waiting period is required.
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