Bob S asked:


I’m looking at purchasing an investment home, and it is a short sale which specifies a cash transaction. I plan to pay cash for the property.

I would like to have a mortgage on the property to use the cash for other purchases.

Is it possible to get a conventional mortgage on a property after purchase (I suspect yes), and are the terms generally the same? Is there any major disadvantage to getting a mortgage on a property after purchase?

Scarsdale Ny Real Estate