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just signed loan docs and will get the keys on Thrusday

when is it save to buy a car? by bettysugarshack from San Diego, California. Feb 20th 2011 Reply


Joel Lobb (kentuckyloan)
#3 ranked lender in Kentucky - 192 contributions

30 days

Feb 20th 2011
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Rich Constantine (rconstantine)
#399 ranked lender in California - 79 contributions

Yeah I would wait 30 days. You dont want to increase your Debt to Income Ratio.

Feb 20th 2011
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Erik Miller (EMiller@PeoplesMortgage.com)
#54 ranked lender in Arizona - 18 contributions

I would buy the car on Friday.

Feb 20th 2011
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I mean, when it is safe, not save.

Feb 20th 2011
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Daniel Lotter (dnllotter)
#26 ranked lender in Colorado - 58 contributions

You got the house - buy the car whenever you want - the house is yours. If you qualify for the car then theres nothing stopping you.

Feb 20th 2011
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Ken Baltes (kbaltes)
#16 ranked lender in North Carolina - 242 contributions

Enter your answer hereMake sure the car your are purchasing has a low enough payment so it does not impact you being able to make your mortgage payment. I would also recommend waiting 30 days or until after you make your first mortgage payment to complete the car purchase.

Feb 21st 2011
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Matt Baker NMLS#190779 (MattBaker)
#31 ranked lender in Arizona - 75 contributions

I would wait until you get the keys. Typically, Lenders have to repull credit the week of funding, so to insure that has been completed, i would wait until the keys.

Feb 21st 2011
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Dan Paladin (dpaladin)
#356 ranked lender in California - 792 contributions

Best answer...wait until you have the keys....which is after all is recorded..then you are good to go...obvious advise here is don't over spend...as you just took on a mortgage....

Feb 22nd 2011
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