Updated almost 10 years ago on . Most recent reply
Loan qualification
I have recently been pre-qualified for a loan of $125,000 to buy investment property. I'm planning on selling my principle residence, move and buy a new principle residence in my new location. If I buy an investment property with a mortgage, how will this affect my ability to get a mortgage on my new principle residence? Would it be safer and less headache to buy my new principle residence before buying the investment property?