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DrewKole 03-28-2003 05:05 PM

Quote:

Originally posted by Rich J.
I've heard if you plan on buying a house anytime in the near future to hold off on financing a car untill after you have purchased the house because a car payment can severely damage your chances of getting a home loan.
hold off on anything. =) Buying that new plasma tv on credit... or anything that shows that you're going on a little spending holiday.

I once did a loan for 2 doctors, house was around $350k or so.... a week before closing, the wife bought a new mercedes, totally threw off their ratios, and I had to bust the loan.

Hell, you don't even having to go on a shopping spree... It'll lower your score if too many peeps check your credit within a certain amount of time too

Cheshire 03-28-2003 05:09 PM

so you're not interested in the Beetle?

rats.



And Congrats :)


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