https://ficoforums.myfico.com/t5/Mortgage-Loans/Selling-a-Vehicle-Prior-to-Closing-Good-or-Bad-Decision/m-p/5641443#M229802 <P>Easy answer, talk to your loan officer first.</P> Sat, 08 Jun 2019 19:53:14 GMT Anonymous 2019-06-08T19:53:14Z https://ficoforums.myfico.com/t5/Mortgage-Loans/Selling-a-Vehicle-Prior-to-Closing-Good-or-Bad-Decision/m-p/5641260#M229795 <P>Hi Folks - I'm scheduled to close on 8/30. I currently have a 401K loan for 11K and an auto loan for 19K. I have two vehicles - one is paid for. I can sell the other truck, pay off the auto loan AND pay off the 401K loan. This seems to me to be win/win. Will this put my mortgage closing at risk? I've heard that it's not a good idea to make any major $$$ moves prior to closing. Appreciate any advice you can offer. Thanks</P> Sat, 08 Jun 2019 17:06:35 GMT https://ficoforums.myfico.com/t5/Mortgage-Loans/Selling-a-Vehicle-Prior-to-Closing-Good-or-Bad-Decision/m-p/5641260#M229795 Anonymous 2019-06-08T17:06:35Z https://ficoforums.myfico.com/t5/Mortgage-Loans/Selling-a-Vehicle-Prior-to-Closing-Good-or-Bad-Decision/m-p/5641279#M229796 Ive had.a couple of buyers do this recently in order to qualify. No negative impact. Just keep documentation in case underwriting asks for it<BR /> Sat, 08 Jun 2019 17:25:13 GMT https://ficoforums.myfico.com/t5/Mortgage-Loans/Selling-a-Vehicle-Prior-to-Closing-Good-or-Bad-Decision/m-p/5641279#M229796 Mortgage-Specialist 2019-06-08T17:25:13Z https://ficoforums.myfico.com/t5/Mortgage-Loans/Selling-a-Vehicle-Prior-to-Closing-Good-or-Bad-Decision/m-p/5641288#M229797 <P>Thanks much!</P> Sat, 08 Jun 2019 17:36:11 GMT https://ficoforums.myfico.com/t5/Mortgage-Loans/Selling-a-Vehicle-Prior-to-Closing-Good-or-Bad-Decision/m-p/5641288#M229797 Anonymous 2019-06-08T17:36:11Z https://ficoforums.myfico.com/t5/Mortgage-Loans/Selling-a-Vehicle-Prior-to-Closing-Good-or-Bad-Decision/m-p/5641372#M229799 I’d be concerned about the impact of paying off the car loan on your credit score. Sat, 08 Jun 2019 18:53:51 GMT https://ficoforums.myfico.com/t5/Mortgage-Loans/Selling-a-Vehicle-Prior-to-Closing-Good-or-Bad-Decision/m-p/5641372#M229799 Anonymous 2019-06-08T18:53:51Z https://ficoforums.myfico.com/t5/Mortgage-Loans/Selling-a-Vehicle-Prior-to-Closing-Good-or-Bad-Decision/m-p/5641443#M229802 <P>Easy answer, talk to your loan officer first.</P> Sat, 08 Jun 2019 19:53:14 GMT https://ficoforums.myfico.com/t5/Mortgage-Loans/Selling-a-Vehicle-Prior-to-Closing-Good-or-Bad-Decision/m-p/5641443#M229802 Anonymous 2019-06-08T19:53:14Z https://ficoforums.myfico.com/t5/Mortgage-Loans/Selling-a-Vehicle-Prior-to-Closing-Good-or-Bad-Decision/m-p/5643815#M229896 <BLOCKQUOTE><HR />@Anonymous&nbsp;wrote:<BR /><P>Easy answer, talk to your loan officer first.</P><HR /></BLOCKQUOTE><P>Agree with this. August 30 is pretty far away, so likely not a big deal. Are you pre-qualified already, with the loans you described?</P> Mon, 10 Jun 2019 23:12:45 GMT https://ficoforums.myfico.com/t5/Mortgage-Loans/Selling-a-Vehicle-Prior-to-Closing-Good-or-Bad-Decision/m-p/5643815#M229896 Anonymous 2019-06-10T23:12:45Z