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If i am given a second home, mortgage free, would it affect my current mortgage?

May 16, 2010 by Zeneeba | Posted in Renting & Real Estate

My partner and i own our home, and our mortgage is up for renewal in feb 2011. I have the chance of being given a second house, with no mortgage on it, i would own it out right.
Would this affect my current mortgage or tax amount? Can a house just

you would have to pay property taxes, home insurance, maintenance and or vandalism repairs and parts, applied violations, etc... and this could put a hardship on what you are already dishing out unless you are sure you have the funds. on the other hand

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