I am in the process of closing a house. I also really, really need a car. I was in an accident during this process that totalled my vehicle. Anyway, if I finance a car, on the same day but after closing on a house, will it cause a problem?
I am in the process of closing a house. I also really, really need a car. I was in an accident during this process that totalled my vehicle. Anyway, if I finance a car, on the same day but after closing on a house, will it cause a problem?
Lenders usually do a last minute credit check right before closing.
Best to wait 1-2 days after closing.
My tag line during mortgage up to close is I cannot control what you do after we close but we are calculating everything to close smoothly based on your current numbers, I don’t recommend changing anything. Post close if you do it.
Talk to your lender. If the car payment is well within their guidelines for your budget, then you may not even have to wait until after close. These events are usually built into their models, especially if you already had a car payment before totaling your car. But if you’re going to wait until after close, it’s probably best to do it a few days after official close.
My brother suggested I might like this web site. He was entirely right. This post truly made my day. You can not believe simply how so much time I had spent for this information! Thanks!
I don抰 even know how I ended up here, but I thought this post was great. I do not know who you are but certainly you are going to a famous blogger if you aren’t already 😉 Cheers!