[jhack704]

ok i got 2 cars (2000 cadillac sts and 2001 lumina) both paid off, pre approved for a 190k house in wisc. i want to buy a 05 escalade (15k) but keep my 2 other cars. is it better to wait to take a loan out on the car after i get my mortgage. my payment would be about 275 on the car but i just paid off my other car which was 250 so it would cancel out anyway, does anyone know or should i just ask my mortgage lender what to do.

[doublej95]

if you are going for a mortgage loan it is best to show less debt's. Banks are still tight on loans right now. even pre approved the loan package still has to go through more hurdles, the less debts you are showing the better off you will be.

[jhack704]

thx, ya thats kind of what im thinking, i think it will be easier to get the auto loan after the mortgage than it would be to get the mortgage where im at if i had that auto loan

[doublej95]

it will look a lot better to the bank to see that you paid off the car loan than it will that you paid off the loan and turned around and took another one out right away. the house is more important. and get a fixed rate loan.

[jhack704]

ya i agree, oh i know i would only get a fixed rate. my credit between the 3 r between 760-791 so i can get the top rates. i agre the house is way more important, im 25 and going to be a 1st time home buyer, too bad they dont have the $8000 tax credit still

[Double Bogey]

ya i agree, oh i know i would only get a fixed rate. my credit between the 3 r between 760-791 so i can get the top rates. i agre the house is way more important, im 25 and going to be a 1st time home buyer, too bad they dont have the $8000 tax credit still

You can blame all the crooks who fradulatently abused the credit for it being gone. Read that 1 house was claimed by 125 different people.

[Flyers21]

Yes definetely get your mortgage first

[Vol_Bengal]

Yes definetely get your mortgage first

This.

The car will always be there and dealerships will give a car loan to ANYBODY breathing... much less you in the mid to up 700's... After house is done, then go get the car. It'll take em about 30 seconds to approve you.

[blackbeSSt]

you're 25 and want a third car

[kiln]

You can blame all the crooks who fradulatently abused the credit for it being gone. Read that 1 house was claimed by 125 different people.

Yeah...that's why the credit isn't available anymore...right...

[jhack704]

you're 25 and want a third car

yea why not, other 2 are paid off, i like to enjoy my life and have things i want, whats the point of having a huge savings but not having fun

[blackbeSSt]

yea why not, other 2 are paid off, i like to enjoy my life and have things i want, whats the point of having a huge savings but not having fun

if you have a huge savings just but the escalade straight out. why have a car payment at all especially if you are getting a house.

[doublej95]

yea why not, other 2 are paid off, i like to enjoy my life and have things i want, whats the point of having a huge savings but not having fun

Shit happens, always have a good savings.

[jhack704]

Shit happens, always have a good savings.

absolutly!