Need advice with 2nd home purchase

[Luis Alvarez]

hello everyone,

I want to buy a second home for investment purposes. My first one that I purchased was the way non-for profit organization which has a completely different process. I have about $45,000 saved no car payments about $3000 in credit cards credit score is above 750 my tenants pay for most of my mortgage. I’ve heard it’s a different process to get a loan for second home purchase as in I need more money down and higher interest rate is this true? Also how do I go about shopping for a home loan? Broker?