When trying to apply for a loan, you’ll have a much better shot to negotiate successfully with lenders if you have a higher DTI than lower.
Before you buy a home (especially right after you buy a car), make sure that you can withstand the additional payments on both purchases.
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.
Like car loan lenders, mortgage lenders may pull your credit history and make a hard inquiry before finalizing the loan.
The main difference is that you will make mortgage payments amortizing.