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Will I have trouble getting a home loan if I exchange current auto loan for newer?

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Will I have trouble getting a home loan if I exchange current auto loan for newer?

I have had an auto loan for 4 years now. I owe about $5k left on the loan, and the monthly note is about $450. The problem lies that we absolutely NEED another car in my family! We have a pretty good income. My wife has a 2 door car as do I, and our son is getting too big for us 3 to fit comfortably. We are trying to get a new home within the next 6–9 months, and my wife is having the hardest time accepting the fact that we cannot wait until my current loan is paid off to get a family type car. My point is that, if we trade in my car for another, we would be exchanging one $450 payment for another (I’d stay in same monthly price range with new car), it would be looked at the same with a home lender as it’d be if we kept our current car. Our debt to income ratio would not change, unless they pay special attention to the years remaining on the auto loan? I want a new car strictly for needs, but I won’t buy some lemon because we can do better than that.

Answer : I suggest one to try this web site where one can compare from the best companies: https://tinyurl.com/yyqztrfd .

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“Will I have trouble getting a home loan if I exchange current auto loan for newer?

I have had an auto loan for 4 years now. I owe about $5k left on the loan, and the monthly note is about $450. The problem lies that we absolutely NEED another car in my family! We have a pretty good income. My wife has a 2 door car as do I, and our son is getting too big for us 3 to fit comfortably. We are trying to get a new home within the next 6–9 months, and my wife is having the hardest time accepting the fact that we cannot wait until my current loan is paid off to get a family type car. My point is that, if we trade in my car for another, we would be exchanging one $450 payment for another (I’d stay in same monthly price range with new car), it would be looked at the same with a home lender as it’d be if we kept our current car. Our debt to income ratio would not change, unless they pay special attention to the years remaining on the auto loan? I want a new car strictly for needs, but I won’t buy some lemon because we can do better than that.


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“Will I have trouble getting a home loan if I exchange current auto loan for newer?

I have had an auto loan for 4 years now. I owe about $5k left on the loan, and the monthly note is about $450. The problem lies that we absolutely NEED another car in my family! We have a pretty good income. My wife has a 2 door car as do I, and our son is getting too big for us 3 to fit comfortably. We are trying to get a new home within the next 6–9 months, and my wife is having the hardest time accepting the fact that we cannot wait until my current loan is paid off to get a family type car. My point is that, if we trade in my car for another, we would be exchanging one $450 payment for another (I’d stay in same monthly price range with new car), it would be looked at the same with a home lender as it’d be if we kept our current car. Our debt to income ratio would not change, unless they pay special attention to the years remaining on the auto loan? I want a new car strictly for needs, but I won’t buy some lemon because we can do better than that.


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“Will I have trouble getting a home loan if I exchange current auto loan for newer?

I have had an auto loan for 4 years now. I owe about $5k left on the loan, and the monthly note is about $450. The problem lies that we absolutely NEED another car in my family! We have a pretty good income. My wife has a 2 door car as do I, and our son is getting too big for us 3 to fit comfortably. We are trying to get a new home within the next 6–9 months, and my wife is having the hardest time accepting the fact that we cannot wait until my current loan is paid off to get a family type car. My point is that, if we trade in my car for another, we would be exchanging one $450 payment for another (I’d stay in same monthly price range with new car), it would be looked at the same with a home lender as it’d be if we kept our current car. Our debt to income ratio would not change, unless they pay special attention to the years remaining on the auto loan? I want a new car strictly for needs, but I won’t buy some lemon because we can do better than that.


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“Will I have trouble getting a home loan if I exchange current auto loan for newer?

I have had an auto loan for 4 years now. I owe about $5k left on the loan, and the monthly note is about $450. The problem lies that we absolutely NEED another car in my family! We have a pretty good income. My wife has a 2 door car as do I, and our son is getting too big for us 3 to fit comfortably. We are trying to get a new home within the next 6–9 months, and my wife is having the hardest time accepting the fact that we cannot wait until my current loan is paid off to get a family type car. My point is that, if we trade in my car for another, we would be exchanging one $450 payment for another (I’d stay in same monthly price range with new car), it would be looked at the same with a home lender as it’d be if we kept our current car. Our debt to income ratio would not change, unless they pay special attention to the years remaining on the auto loan? I want a new car strictly for needs, but I won’t buy some lemon because we can do better than that.

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