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How to Buy Another House When You Already Have a Mortgage

how do i get a loan to buy a house

by David Rouse

Many homeowners have mortgages on more than one home.

Determine your budget to purchase the second home. Decide how much the down payment should be and how much of a monthly payment you can afford. Be sure to include the property taxes, the hazard insurance and the association dues in calculating the maximum monthly payment. Contact the mortgage lender and apply for the mortgage.

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