The common debt to income ratio is a combination of determining the PITI value of the payment for the loan be at or under 28% of your income, and "all of your other debt" be at or less than 36% of your income. When you are considering a second home, the debt of the first home is then applied to "all your other debt". But exceptions can be made depending on the loan program and various other factors.

go to a library for dozens of books so u can learn

be4 u get burned.

spend a few months, years learning and saving

b4 u buy first place.

90 -120K would not qualify u for a second place in

many parts of USA.

barely get u in the market in some places.

a library can help u

he only figures used in calculating the debt ratio is the debts you have on your current Credit report and your monthly income. This is called the front end ratio.

The back end ratio is when your monthly mortgage payment is then added and your monthly income.

You ratio should not exceed 39%. The lower you debt ratio is the better off you are.

I hope this has been of some benefit to you, good luck.

"FIGHT ON"

http://www.hisaving.com/

It would be important if you were pre-approved to purchase a property any place. How can one be pre approved to purchase a property any place? You earnings play a part in of you would be qualified to purchase a property. Would a salary range of 90,000-120,000 be good enough to buy a second property?however, there is a formula used to determine the amount a lender would lend you to purchase a property. What is that formula?