What to do?

bdel · ‎06-02-2008

Ok I have a 2002 Nissan Altima with 150K miles its paid for but needs a good but of work the engine needs a new timing chain and the cab has begun to leak. I am buying a house in June and was wondering if I should go ahead and take advantage of 0% finanicing and get a truck now? What are your thoughts MyFico.

sidewinder · ‎08-29-2007

How will the added payment affect your DTI ratio? This plays an important part of being qualified for a home.

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bdel · ‎06-02-2008

I would still be able to get the loan based on My DTI.I just hate applying for credit so close together.

sidewinder · ‎08-29-2007

If it were me and there was any possible way that you could wait until after you got the mortgage, I would.

When I spoke to a LO at BoA last summer, just getting some estimates and feel for things, she said they wanted to see that I hadn't take on any new debt in the last 90 days(I think). However, this could have been because if my DTI, my credit, etc. Any number of reasons.

I wouldn't risk it, but you have to do what you have to do.

Possibly move the mortgage and do that sooner?

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