Valued Contributor
JM-AM
Posts: 3,303
Registered: ‎06-09-2010
Re: Mortgage and new car loan, should I do it?

In my opinion the lenders have tightened up once again. It may ony be temporary but I would not give them a reason to reject your loan. Applying for a major purchase such as an automobile can have a major impact on approval or disapproval. Most underwriters would prefer not to see any new credit with-in the last 12 months. There are exceptions depending on your credit worthiness and stability of income. But once again is it worth the risk?

 

Good Luck

Good Luck
May all your dreams and wishes become a reality!