Getting House loan when I am still paying my car loan

[FB01]

Hi,

I bought the house and got the loan. Next I bought the car on loan. Paying both regularly.

Now, if I need to sell my house for which I am still paying the loan and would like to buy a different house.

Because of the existing car loan, is it difficult to get the house loan for 2nd house or it just goes by credit history - no issues with credit history.

-Fb

[PFInterest]

it will count against you as debt.
but otherwise no.

[dbltrbl]

you will be fine. No issues.

[tim1999]

Unless you bought way more car than you can afford, and/or are going to try to buy a house you can barely afford, then it should not be a problem. Mortgage lenders will look at your debt to income ratio in determining whether or not to lend to you.

[delamer]

How your debt affects getting a mortgage:

https://www.consumerfinance.gov/askcfpb ... rtant.html