Buying A - Second Home Loan

: Your combined monthly debt (including both mortgages) should ideally stay at or below 43% of your gross monthly income.

: Lenders often require you to have 2 to 6 months of total mortgage payments in liquid reserves (cash or accessible investments) after closing. buying a second home loan

You don't always have to take out a standard 30-year mortgage. There are several ways to leverage your existing assets: FHA Loan Rules for Second Homes : Your combined monthly debt (including both mortgages)