masonb62 replied to the topic Using equity to purchase my second property in the forum Help Needed! 14 years, 9 months ago
Thanks guys, I will speak with my Accountant and Broker and let you know what they think / plan to do for my second property. My broker was aware that I would be looking to buy a second property since we started planning for the first and seems to think it will be possible.Appreciate your comments and suggestions!!Regards,Ben
masonb62 replied to the topic Using equity to purchase my second property in the forum Help Needed! 14 years, 9 months ago
Hi Steve,Thanks for your response.1. What is your current income, and what total loan amount do you think the bank will allow you for the next property? This can be determined by simply asking the banks or mortgage brokers. Something I will defiantly be doing is organizing to speak with a mortgage broker I am currently on an income of…[Read more]