: Most lenders look for a DTI ratio of 36% or less , including both your current and new mortgage payments.
: While primary homes can often be bought with 3–5% down, second homes typically require at least 10–25% . Investment properties often demand a minimum of 15–25% . how can i buy a second property
You don't always need a standard mortgage; you can leverage your current home's value: Buying a Second Home: How-to and Requirements : Most lenders look for a DTI ratio