How To: Buy A Second House

: Be prepared to put down 10% to 20% of the purchase price.

: Most lenders require proof of two to six months of liquid reserves to cover both mortgage payments in case of emergency. 2. Determine Your Financing Strategy You have several options to fund the purchase: how to buy a second house

: Ideally, your DTI should be 36% or less , though some lenders may allow up to 50% depending on your overall profile. : Be prepared to put down 10% to 20% of the purchase price