How many mortgages, for commercial and owner occupied homes and rental homes, can one person have in their name?
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How many mortgages, for commercial and owner occupied homes and rental homes, can one person have in their name?
Asked on May 27, 2009 under Real Estate Law, Pennsylvania
Answers:
B. B., Member, New Jersey Bar / FreeAdvice Contributing Attorney
Answered 14 years ago | Contributor
As far as I know, there's no specific legal limit. If you can get the lenders to grant them, with honest applications, and you can make the payments, whatever.
You might want to consider talking to a business lawyer, about whether you could realize any overall savings by setting up a business entity and consolidating your debt at lower rates. One place to find an attorney is our website, http://attorneypages.com
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