Can I do a second mortgage on a house I am buy through a land contract?

Saturday, 7. August 2010

Also, is it easier or harder to get a second mortgage than it is to get a first mortgage?


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One Response to “Can I do a second mortgage on a house I am buy through a land contract?”

  1. August 7th, 2010 at 7:25 pm

    linkus86 Says:

    Nope because you can’t secure the loan on the property you don’t own. Getting a first mortgage is easier because you can’t get a second mortgage until you have a first mortgage.

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