Wondering how to structure my loans.

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I have a ppor with a small mortgage and a large amount of equity. We are in the process of using that equity with another loan to finance a investment property.

My mortgage broker has proposed to have three loans total when we refinance with a different Leander.

House 1: Remaining loan for ppor. Larger loan using equity for investment

House 2: Large loan for investment

I guess the reason she has proposed to set up three loans is so we can use the equity in our ppor and keep them separate?

My questions are: Will we be paying three sets of registration fees and ongoing fees?

Is there a better way to structure it?

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grag01

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Posted: 10 months ago
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