How Long After Buying A Car Can I Buy A House?

RADICALFIRE.COM

Suppose you’re thinking about buying a vehicle and a home. You’re probably wondering quite a few questions, including, “what should I know about typical interest rates on mortgages and car loans,”

This post aims to answer all those questions and more, providing you with a straightforward guide to making these two  large purchases.

Before buying a home, you’ll want to ensure that you have good credit.

Having your credit score in good shape is important because bad credit can increase the interest rate you’re able to get on your mortgage.

If you choose to buy a car right before purchasing a house, your debt-to-income ratio will take a significant hit as you add a substantial liability to your  balance sheet.

It might be a good idea to wait a few months to build up your reserves and also potentially improve your cash flow.

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