Re: looking to finance a vehicle.
02-03-2013 01:03 AM
Leasing wouldn't impact your DTI as much as financing and I am sticking to my statement. And your income will be fine to qualify for the house you need. Only half the MSRP shows up on my credit report for a 36 month lease along with a lower monthly payment than financing. I leased in Nov and I am closing the first week of February! Honestly I wish I was able to lease sooner as I put tons of money into maintenance and repairs and it still broke down on me with enormous repairs before I could pay it off. I won't have to worry about all that with a lease which means more money in my pocket! :-)
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! Last App: 4/5/13 Gardening until July 2014