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Reply to "Buying a second home without selling the first"
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[quote=Anonymous]OP here. Thanks for the input. So far, it sounds like this is do-able. We can probably make the debt to income ratios work on both houses, as the principal outstanding on our current mortgage is pretty small relative to our HHI, but that's definitely a good point to keep in mind. Would we qualify for a regular rate on both homes or will we have to pay a higher rate, since one is now effectively an investment property? We wouldn't refinance the first house, so I would assume that rate is safe, but what about the second? [/quote]
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