Moving and want to buy 3rd home

[Philip Gould]

Hello all

I am moving and would like to keep and rent my current home. Hows best to do this? I have been told that I have to have 30% equity in my current home to qualify for next mortgage!

I have my current home 20% equity and my previous home 35% equity and rented.

I will be moving to a totally different area for work. What is the best way to keep current home and then purchase the new home? I really don't want to put more than 10% down on the new house.

Thanks in advance for your help.

Philip