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Updated over 10 years ago on . Most recent reply

Zachary Martin's profile image
Zachary Martin's profile image
Zachary Martin
  • from Reston, Virginia
  • Member since Oct 30, 2013
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27
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Zachary Martin's profile image
Zachary Martin's profile image
Zachary Martin
  • from Reston, Virginia
  • Member since Oct 30, 2013
Connect
Zachary Martin
  • Reston, VA
3
Votes |
27
Posts
Buying & Selling Real Estate

Does price matter when considering the number of mortgages?

Zachary Martin
  • Reston, VA
Posted

To be more specific with an example, with the "bank rule" of only lending out 4 mortgages per person, if I had $300k cash in the bank and took out a loan on 4 $40k properties, would you be done at that point bank loan wise?  The fact that you could easily buy them outright at any point I wouldn't think would be an issue?  Is it more of a "4 loans or up to XXX amount"?

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