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Buying A Car After Buying A House Now

Buying a car after buying a house is generally considered the correct order for major purchases because mortgage lenders have stricter requirements than auto lenders.

: It typically takes about 5 months for a credit score to recover after taking out a mortgage as you establish a payment history. Financial Impact Checklist How The 'House Then The Car' Is Changing Black ... - Inman buying a car after buying a house

: Never apply for car financing between signing a house contract and the final closing. Lenders re-evaluate your credit right before funding; a new car loan can spike your Debt-to-Income (DTI) ratio and lead to a mortgage denial. Buying a car after buying a house is

: Wait until the mortgage is officially funded and you have the keys in hand. Some experts suggest waiting 30 days to let credit reports update, or even 6 months to gauge the true cost of your new home utilities and maintenance. - Inman : Never apply for car financing