Home Equity and Refinancing
Home Buying

Can you buy a second home without selling your first?

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Answered 2007-09-15 23:03:48

Yes, No, Maybe...YES if you can afford to own 2 homes...NO if you can't afford them both. MAYBE if you can pay cash or qualify for a mortgage. Do you have a mortgage on the 1st home? What's your debt to income ratio with owning the home you have now? and What's your debt to income ratio if you owned the second home? If you need a your bank or mortgage broker, if they can help, they will. You can own as many homes/houses as you's a matter of can you afford them? What is your purpose for a 2nd, 3rd home...rental, vacation home, etc...?

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