HWe would like to buy a second home and sell the first one after moving into the second. We currently pay 3000/month for the first mortgage and would need to pay about 4300/month for the second mortgage (20% down payment). We have a combined provable annual income of about 180,000. We heard that most lenders require the debt-to-income ratio under 45%, we are at about 48.7% now. Do we to qualify for that second mortgage? What can we do to make this happen? We can put put another 30,000 down, but it won't bring the ratio below 45%. By a way, we have about $200,000 equity from the 1st home. We also have at least 300,000 401(k). I will consider both of our jobs are stable, so we should be fine making payment for both mortgage. But the 45% rule make us nervous. Some articles even suggest 36% is needed, if this is true, we have to give up. ThanksAugust 19 2013 - Austin00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.