Valued Contributor
Posts: 1,761
Registered: ‎03-23-2012
Re: Need advise on getting another car loan
Funny, i posted this reply on another thread. Lol

I had to get a new car in the middle of my FHA streamline refinance. I discussed it with my LO and she told me I would be fine as long as it didn't mess up my DTI. When UW did an updated CR, they asked me to provide a LOE stating why I purchased it and asked me to provide the loan docs proving my note was the same amount listed on CR. I provided the info, and we closed.

YMMV, of course. So, I recommend you speak to a mortgage professional before you purchase your car.
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