How many mortgages can you have?
Posted by Merrill Jencks on Thursday, January 13, 2022 at 1:09 AM
By Merrill Jencks / January 13, 2022
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How many mortgages can you have?
How many rental properties or real estate properties can you own?
Well, technically you can own as many as you want but the bigger question is how many mortgages can you have? if you're using a Fannie Mae or Freddie Mac conventional mortgage on the homes that you're purchasing the most Fannie Freddie loans that you can have at one time is 10. So, once you get up to 10 properties usually one of those will be your primary residence, and nine other investment properties you can no longer get a conventional mortgage there's other types of financing that you might possibly want to explore or you also might want to start exploring doing a debt snowball and paying the cheapest ones off but just keep in mind the max number of mortgages you can have out at a time is 10.
What does this mean to you? If you're even a little bit interested in learning more about participating in the Phoenix housing market as a seller, buyer, or investor... you NEED to know this stuff! Or at least work with someone who is obsessed with the market stats. Reach out to me today so we can start working on making your real estate dreams a reality!
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480-466-6320 Merrill Jencks
How many mortgages can you have?
How many mortgages can you have?
How many rental properties can you have?
Are you wondering how many mortgages you can have?
In this video, I'll share the number of properties that are allowed to be financed by a mortgage. And I'll also discuss some other factors that can affect your ability to finance more than one home.
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480-466-6320 Merrill Jencks
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