No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
Hello, I need a bit of help with this.
The DW and I are planning to apply for a mortgage in the Fall of 2009. But we need a car now. If I finance a car now will this have any adverse effect on the mortgage application later?
The only affect this will have is it will affect your DTI....in other words the $300 car payment is deducted from the max mortgage payment you can afford.
A new car loan only hurts a little until a payment or two is posted...then the lost points regain.
@Anonymous wrote:The only affect this will have is it will affect your DTI....in other words the $300 car payment is deducted from the max mortgage payment you can afford.
A new car loan only hurts a little until a payment or two is posted...then the lost points regain.
Agree it will pretty much still boil down to can you qualify with your debt to income
Brian