I own a condo in florida with a mortgage of 90,000, I have it rented out,but the rent only covers part of the mortgage and my HOA dues.I would like
to buy a house some day in about a year up north as my primary residence. Do you think I will be able to get a mortgage, as I would stii like to keep my condo.
Answers (2)
You should speak to a lender and see where you stand. If you are making enough money and paying your other obligations you should be ok.
Web Reference: http://www.Bonita-Estero-RealEstate.com
FIRST ANSWER
As long as you are making your payments on time and have the income to support both the new mortgage and the shortfall on your condo, I don't see why you would have a problem getting a mortgage. Use this year to get your credit scores up (they can never be too high) and your debts paid down.
Good Luck
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