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Updated over 7 years ago on . Most recent reply

User Stats

20
Posts
3
Votes
Willy Vasquez morales
  • Investor
  • Manchester, NH
3
Votes |
20
Posts

Financing my second property

Willy Vasquez morales
  • Investor
  • Manchester, NH
Posted

how to finance my second home?

I live in nh, i have a score above 700 with 100% on time payment and 11 years old credit. As you can see I have been very responsible. 

I dont have the 20-25 % for down payment. And my debt to income ratio is above 45. I make $66,000 as a software engineer, I graduated 4 years ago. I own a two faminly which I got 3 months ago. It pays itself. 

I want to get another house but the bank says I don't qualify because of the debt to income ratio.

How can I find a lender?

Please I ask me if you have any questions.

Will

Most Popular Reply

User Stats

152
Posts
119
Votes
Jason Lavender
  • Flipper/Rehabber
  • Wichita, KS
119
Votes |
152
Posts
Jason Lavender
  • Flipper/Rehabber
  • Wichita, KS
Replied

Look for potential owner finance deals.There are plenty of creative financing options to close on a good deal, less options to close on a so-so deal, look for deals and financing simultaneously. Hope that helps. 

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