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Answers (5)
- Nina Harris, "NinaHarris"
- Contributions:257
Hello User,
Yes it is possible as long as you have a good credit score and your debt to income ratio is within the guidelines.
Good luck with your relocation!
- James Ryan, "GreatRateFolks"
- Contributions:1038
Hi user,
Yes, it is more than possible, although you may have both mortgage payments count in your DTI unless you have rented property for two years and it is reflected on your taxes.
A good lender should be able to pre-qual you within minutes.
Jim, American Bank.
Yes, it is more than possible, although you may have both mortgage payments count in your DTI unless you have rented property for two years and it is reflected on your taxes.
A good lender should be able to pre-qual you within minutes.
Jim, American Bank.
- Gurpriya Gill, "Gurpriya Gill"
- Contributions:4
Yes, you can buy a second home if your loan officer determines that you qualify for another loan. However, be cautious about the possibility of paying two mortgages if for some reason your first home has trouble renting.
- Cheryl Thomson, SFR, "Lexiy"
- Contributions:5
It is possible. However, your lender will require you qualify for both mortgages and you will have to check to see if the income you receive from the rent can be applied towards your income.
- James Y. Kuang, "jkuang626"
- Contributions:29
Yes it is possible. Your lender will want to see that you are able to handle two mortgages though.
I need to move due to job location
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