Saturday, September 13, 2014

Would an auto loan help or hurt my chances of qualifying for a mortgage?

I have 2 lines of credit with each usage under 30%. I work two jobs and gross about $3k per month. I am interested in applying for a first time buyer mortgage in about 6 months. Would obtaining an auto loan for about $5k-$8k help or hinder my chances to get qualified for a mortgage?

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