I ride bicycles..
04-05-2012 09:03 PM
....really serious ones. But my road bike was stolen 3 weeks ago. This nearly brings me to tears. Not only do I live, eat and breath for hiking, biking and backpacking but I lost about $2000 worth of bike in this theft. I commute 14 miles a day by bike. I ride 40 to 60 miles every weekend. The house I have in escrow is right next to the River Mountain Trail in Las Vegas and that trail is why I picked this house. Its like a surfer having beach front property.
OK. I'm flat disgusted with both the loss of my bike AND waiting on the sellers bank to approve the short sale. Here's the point...
I want a new bike. It is going to cost me $2000 just to replace my bike. If I keep the cash reserves I should keep in order to close on this house, I'm going to have to put about $1200 on a credit card that I can't immediately pay off. And all I've read here tells me not to make major expenditures until the house closes. But Spring is here and this is my life.
I need this bike. My middle FICO score is somewhere between 690 and 700. My DTI is 19% and 33% without the car. It is 19% and 39% if you count the last 7 car payments. Buying this bike is going to cause the mortgaging bank to see about $3000 in transactions between a credit card and my checking account. What could this mean to the purchase of this house? Right at this moment I'm just about done with the house thing.
Thanks all, in advance.