✅In this episode, we discuss how to get a second mortgage to buy another house, whether to move into or as an investment property. 💬 Remember to get your FREE guide from the experts before buying your next home: http://stories.brookfieldresidential.com/54-proven-expert-tips-you-need-to-know-today-before-buying-a-home

About this video:
If you are planning to buy another home, what are the mortgage implications? Can you transfer a mortgage? Can you get two mortgages and how would the qualification work? In this episode, we discuss how mortgages work if you are buying another home, whether to move to or as an investment property. We explore the mortgage implications of buying and selling a home at the same time, qualifying for multiple mortgages and how mortgage portability works. Finally, we answer if you need to qualify for a mortgage/take the stress test for a second home and if it’s a good idea to carry two mortgages.
#mortgage #mortgageapproval #buyingahome

✍️ Prefer to read or need to take notes? See the transcripts:
https://stories.brookfieldresidential.com/homebuyersschool/can-i-get-a-second-mortgage-on-a-second-home

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📔 If you want to learn more about mortgages and pre-approvals, watch more videos in the playlist: https://www.youtube.com/playlist?list=PLTRYbItmaqW-M3CUjHQh9u8AAxvOnabWU

🎓 Get educated on the home buying process:
http://stories.brookfieldresidential.com/homebuyersschool

📱 Want to connect with Mujtaba Syed for any mortgage questions? Here’s how: https://mms.tdcanadatrust.com/mujtaba.syed/


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