汽车和房子是我们的两大基本需求, 背靠背买的时候, 可能会导致负面后果.
如果你一直在考虑买房的话, it's important to do your research and know how the home-buying process works. Buying a house is one of the biggest purchases you’ll make in your lifetime. 贷款人知道这一点. That's why they take every detail into consideration before making the commitment to fund your home. They want to know beyond a shadow of a doubt that you can keep up with the expenses associated with home ownership. 当出借人查看你的财务记录时, it's 不 uncommon for past financial choices to come back to bite you, and possibly even prevent you from qualifying for a home loan.
It's for this very reason that purchasing a car before buying a home is a big no-no. Whether you’re looking to buy a 2020 Tesla Model S or a 2003 Chevy Silverado, an auto loan will affect your ability to purchase a house no matter what the amount.
这是为什么.
你的债务收入比, 或DTI, plays a large role when qualifying for a mortgage because it more or less determines your buying power in the eyes of lenders.
Lenders calculate your DTI by measuring the difference between your income and your liability payments. “Liability” is a fancy word for debt you’re currently paying off, 比如学生贷款, 汽车贷款, 抵押贷款, 有担保和无担保个人贷款. The larger the gap is between your income and these liabilities, 你在贷款人看来就越值得信赖.
但这里有一个有趣的笔记. 如果你是第一次买房，有 专项贷款项目 这样你预付的钱就少了. This could be a great option if you're still saving or if you're paying for other big expenses, 像一辆车. It doesn't change your monthly mortgage payments, but it might make buying a home more realistic for you.
需要明确的是，负债并不坏. But they do reveal a lot about your relationship with money. You should always aim to have the lowest DTI possible -不仅仅是为了获得你想要的房子 — but to also ensure that you’re able to live comfortably while paying off your debts. The 联邦住房管理局 generally uses the 43% DTI ratio standard as a guideline for approving 抵押贷款. 但情况各不相同. 你会发现 some lenders are more flexible while others are more rigid, depending on the real estate market and economic conditions.
在考虑你的资历时, lenders may 不 include installment debts like auto or student loans as part of your DTI if you’re close to paying them off. 而是多重高额债务, 比如汽车和房子, can signal to lenders that you’re in danger of overextending your finances — because 不 only are you looking to borrow a large sum of money for a new home, but you are also adding a car loan to your monthly spending for the next three-to-six years. So, if you’re paying $450 per month on a new vehicle, lenders will use that payment to calculate how the liability will affect your ability to purchase a home. 可能看起来, 在承诺汽车贷款后, 你没有足够的钱买房子. Even if that’s 不 the case, it is something lenders have to take into consideration.
You’ll want to make sure your credit is in tip-top shape before you start the home buying process. Purchasing a new vehicle can negatively affect your credit score because your score will have to absorb both a 艰难的调查 and a new account, both of which will ding your score by five points or so. The truth is, car loans in good standing can boost your credit score over time. 但当你第一次购买时，既然 there is no payment history associated with the loan yet, 你的分数可能会下降. 这是 why if you're looking to purchase a new home soon, you should hold off on buying a vehicle as it could temporarily hurt your credit score.
To get your home buying journey started on the right foot, we recommend you first visit www.annualcreditreport.com and review copies of your credit report from the three major credit bureaus (Equifax, 益百利, and TransUnion) at least 90 days before you plan to apply for a mortgage.
Here are some proactive ways to keep your credit score in good condition:
If you're looking to make big purchases but you're wanting to keep your credit card balance low, consider saving for a few months to purchase those big-ticket items. bat365到达那里 提供“60天省钱1000公里”的挑战, 它有一个可下载的储蓄跟踪器, 容易遵循储蓄计划, 还有机会赢得额外的1美元,000!
什么时候是购买车辆的最佳时机?
如果你急需一辆新车, you may have to bite the bullet and just deal with the consequences. If it’s possible to pay cash for the vehicle, then by all means, do that.
在一天结束的时候, the best approach is to wait until you have keys to your new house before buying a car.
不过我还是要提醒你. You may feel tempted to head over to the dealership as soon as you have your mortgage approval documents in hand. 这是 不 是时候重新开始借钱了.
为什么? Because many lenders audit your file in the days leading up to closing. If your score drops during that time, your mortgage rate could increase. Or even worse, your lender could withdraw the offer completely. Hold off on new borrowing until the check clears, and 不 a minute sooner.
Our team is so passionate about home buying that we wrote a full how-to guide highlighting the need-to-know information associated with every step of the home buying journey. Download a free copy of "The Complete Guide to Buying the Home You Love".
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