My husband is self employed and is wanting to purchase a Van for the company in the company name. Will this have a negative affect on our Mortgage Application next year. Will they count in for our DTI or will it be considered business? I don't want to risk anything at this point because we are trying to pay our debt down and pay off some collections.
We are applying next year after Taxes we need the two year full tax returns. It's a nightmare we have been screwed in taxes because we can't take our full deductions to show the right amount of income. It feels like you get hit at every turn. I have told him I thought this should wait because it may effect us badly