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Forgive me if this question has been asked.
Which one should you do first? Refinance mortgage or new car loan? Can both be initiated at the same time? Thank you!
@orange-n-blue wrote:Forgive me if this question has been asked.
Which one should you do first? Refinance mortgage or new car loan? Can both be initiated at the same time? Thank you!
Refinance mortgage. Your credit and finances are more scrutinized than refinancing a car loan. And no both should not be initiated at the same time.
I refinanced my car just a month before I applied for a mortgage. It wasn't an issue.
@Anonymous wrote:
@orange-n-blue wrote:Forgive me if this question has been asked.
Which one should you do first? Refinance mortgage or new car loan? Can both be initiated at the same time? Thank you!
And no both should not be initiated at the same time. <= correct
depends.... if dti is ok.... refi house first. if not, then refi auto to help dti.
one call to a lender can solve the puzzle
mortgage first..... NO REASON to do it the other way around
@DallasLoanGuy wrote:mortgage first..... NO REASON to do it the other way around
Exactly. New car loan will hurt DTI and possibly ding credit score.