Tips and tricks for getting a second conventional mortgage?

[Nicholas Goerss]

Hello all,

I am getting ready to start looking at lender for my second conventional mortgage to buy my second property. I plan to buy a new property in May by putting 5% down and renting out my current home. Any tips or advice before I dive into this process? Places to go for lending? Difficulty in getting a second loan?

My credit score is currently 807 if that changes anything.

[Jeff Chisum]

If you run into debt to income challenges you can get a lease in place prior to closing in order to offset the debt.  That would be identified through the pre approval process if done properly.  We do 90% of the work up front so there are no issues once a contract is executed.