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How soon can you apply for a second mortgage for a different property after closing on one???

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Anonymous
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How soon can you apply for a second mortgage for a different property after closing on one???

How soon do you have to wait to apply for a second mortgage? Just say you recently purchased your 1st property (primary residence) and wanna get an investment property how soon can you apply again?
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ShanetheMortgageMan
Super Contributor

Re: How soon can you apply for a second mortgage for a different property after closing on one???

No time limit, you can buy an investment property right after you buy your first home.  Lenders only require you notify them if there is any material change in the information on your loan application during the application process, after the loan is made you can do whatever you'd like.
Free Mortgage Advice & Pre-Approvals (FHA, VA, USDA, Fannie, Freddie, Non-Prime, Construction, Renovation/Rehab, Commercial) since 2002
Located in Southern California and lending in all 50 states
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