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If you have a condo in Guam worth 150K and want to purchase a 300K home in Florida what are your chances of getting another loan to purchase the home in Florida?
Wiki User
∙ 12y ago
It depends on how much money you make monthly. Your income must be at least twice the amount of your monthly payment for both properties combined. So if your income lies within this range you should be fine, if not you will have to sell your condo in Guam to qualify for the other home.
Wiki User
∙ 12y ago
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