Quote:
Originally Posted by aznrsx1979
If you're looking to get a 2nd home as investment, they'll take an approximate figure based on size and location of the property for the rent you can get and then use only a certain percentage of it to calculate the mortgage you'll qualify for.
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bingo,
so in essence, you'll need to have sufficient income to cover a lot of both mortgages to be able to qualify, considering you still have heating/prop.taxes/water utilities to pay still on top.