REALTORÂ® | Mortgage Broker
Keller Williams Realty | 360 Lending Group
All will depend on your debt to income ratio.
How much is your present mortgage and also how can you afford a second mortgage.
Please sit with a lender first and get your self qualified for a second home.
This home will loose its primary resident homestead exemption.So you will have to earn extra to pay property taxes.
Have any questions please call.
Please email me directly and I will refer you to a lender that can help get you started.
This indicates that you may have no equity in your home. If this is the case then consider strategic default. The home will fall in value from here. Do not make the mistake of waiting for much lower prices as sellers are typically doing today.