Updated over 11 years ago on . Most recent reply
Question on loan process
I want to buy my 1st rental property in fort myers fl were I live.I paid cash for the home I live in here.I want to get a loan for a rental, but do not want to use my home I live in for collateral.So is the rental house I would be buying the collateral for the loan is this true?I just want to make sure,because of it being my 1st deal if anything went wrong the bank wouldn't come after my paid off home.Who should I go to to get loan bank or mortgage broker?
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