Hello guys ! I am looking for some advise here. I am going to finish paying for my mortgage within a year from now. I was always good at paying the instalment on time and my credit is good. As I am going to be free from the extra expense of paying up the home mortgage, I was thinking about buying an investment property and while looking, I found a good deal. Now, I am trying to get a mortgage for that property, if it is possible. I am confused, whether I should wait till the mortgage is over or go for it with just a few months remaining on the current mortgage. I have reasonable income and savings to pay for multiple mortgages for a few months, but still not able to make a decision. I will contact my mortgage broker Toronto for more technical help, but would like to get an outside opinion as well. Is it possible? If yes, do you think it is a good idea?
