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. Grab your vision boards and let’s talk cars and homes.

Suppose you’re thinking about buying both a vehicle and a home. In that case, you’re probably wondering quite a few questions, including, “what should I know about typical interest rates on mortgages and car loans,” “should I buy a new or used car,” and “how long after buying a car can I buy a house?”

Ready to learn about some of the most important things you’ll need to know when buying a car and a house?

Questions Answered About Buying a Car and Home

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. After all, you don’t want to have completed the purchases and realize that you unexpectedly can’t make the monthly payments.

Your Credit Score

Before buying a home, you’ll want to ensure that you have good credit. More specifically, you’ll want to make sure that your credit history is as good as it can be and that your credit score is in perfect shape. Unfortunately, buying a car can negatively impact both (in the short term).

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.

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