How many mortgages can you get?

Answer 1

Your lien or mortgage position (1st, 2nd, 3rd, etc.) as a lender or loan provider is important as to who gets priority should a default occur. So normally people can get a second mortgage with very good credit (these days) from a local bank. Most lenders will not go past second position behind a first mortgage unless the client is very wealthy. I have seen third mortgages which are normally considered "unsecured loans" anyway but the lender/company puts a lien on your property anyway to give them some sense of security. I have seen third and fourth mortgages on a doctor's combined residential and commercial property. The bottom line is your income level.