Is it possible to refinance current mortgage and get a new mortgage on a new investment home at the same time?

Yes you can as long as your debt ratio works carrying both payments. All information must be disclosed and your debt ratio will need to include your new payments.

Yes, it can be done, but it could be a little tricky. Are you planning to use the equity from your existing home for a down payment on the investment property? There are a few other important questions to ask to make sure that this is as painless a transaction as possible for you. We're local if you need more information.

Hi Scott!Yes- you can do both mortgages at the same time as long as you qualify carrying both mortgages and the property value comes in to make the loan to value maxwork. Contact you local community bank or lender here on 411

Yes, but not eh the debt ratio issue mentioned by others.

As long as you meet the income, credit and DTI requirements for both mortgages it should not be a problem to refinance your current mortgage and take out a new mortgage for an investment property.