Do you have good credit to obtain two mortgages on a house?
Say you only qualify for a mortgage loan of $ 75,000, but the house you want is $ 150,000, so you have two mortgages for the same amount each on the same property. You must have good credit for this to work? Or do you have good / bad credit and that only would enhance the interest rates?
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Personal Investment & Loan Tips : Interest-Only Mortgage Tips
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