Questions Answered About Buying a Car and Home

Buying a car and home are some of the biggest purchases you’ll ever make. There are so many questions on your mind and we want to cover some of those today.

How Long After Buying a Car Can I Buy a House? Factors to Consider

When thinking about buying a car and a house, there are a few essential factors that you should keep in mind.

Your Credit Score

Making a vehicle purchase will require your lender to make a hard inquiry. A hard inquiry is when lenders send a legal request to the credit bureau to inquire about your credit score.

Your Debt-to-Income Ratio (DTI)

Your debt to income ratio is a measurement of how much of your income needs to go towards paying off liabilities.

Your Cushion

This factor, combined with an additional mortgage, means that you will have a tiny cushion to withstand any shocks to your finances compared to before you made the two purchases.

The answer to the question “how long after buying a car can I buy a house?” will depend entirely on your financial situation.

The Verdict

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