Fiance questions for investment property

Categories: Mortgage

If I put 20% down on my brownstone, 10% of which I now intend to take out in the form of a HELOC to use as the down payment on an investment property, do I now have to pay PMI on both properties or just the second one I am newly purchasing? (Have not accrued much equity since my purchase last year). Thanks for your insight if you know.

By | 07/31/2007 4:18 PM