I know there is a general rule about not buying a car right before buying a home, but what if you don’t really have a choice
Situation... My wife and I are moving to a new state and planning on buying our first home. We’ve only had one car for a long time because she can walk to work, and we currently live walking distance to grocery stores, gyms etc. This will not be the case where we plan to move, and will need two cars.
From a financial standpoint we are debt free, have a 20% down payment, and if we bought a new car and a house our debt/income ratio would be around 20%.
Given this situation, will a home lender give us a hard time about financing a new car?
Submitted July 02, 2020 at 05:31PM by hunt234 https://ift.tt/2YSxzJV
