How Long After Buying a Car Can I Buy a House?

Ready to learn about some of the most important things you’ll need to know when buying a car and a house? We aim to answer all those questions and more. Let’s get right into it.

Your Credit Score

Before buying a home, you’ll want to ensure that you have good credit. More specifically, you’ll want to make sure that your credit history is as good as it can be and that your credit score is in perfect shape.  

Your Debt-to-Income Ratio (DTI)

Your debt-to-income ratio is a measurement of how much of your income needs to go towards paying off liabilities. Lenders look at this measurement to determine the loan rates they will apply to the house’s purchase price. 

Your Cushion

Be sure that you’re confident you can afford a home mortgage before taking one out. For example, suppose you realize that you can barely afford your mortgage loan with the additional loan payment from the car. 

The Verdict

The answer to the question “how long after buying a car can I buy a house?” will depend entirely on your financial situation. 

The home-buying process looks very different for different people, and a car payment can also differ by hundreds of dollars every month. 

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