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What are the chances of being approved for a mortgage if a new car loan is 30 days old?

Good credit and a solid 3 year credit history.

Public Comments

1. Depends on your debt ratio If the car loan is 500 a month and your take home pay is 6k a month then not a problem but car loan payment is 500 a month and your take home pay is 2500 then you will not be approved
2. You still have a good chance, although having the car debt will affect the total amount you can be approved for. If the car loan puts your debt ratio too high it's possible you wouldn't be approved. Good luck.
3. NOT enough info. This can have negative impact, but depends on your debt ratio. What is your other debt? What is your income? Good credit helps but you need credit, adequate income, stable employment, down payment, and low debt ratio. Down payment should be 10%, but can go 3.5-5% with FHA.
4. Mortgage loan is a term used for the loans secured by a property. Mortgage loans refer to a loan secured by residential property, often for the purpose of securing real estate. Mortgage loans are priced lower than other loan structures because the value of the property risk for the lender. http://www.worldbestloans.com/ A fixed rate mortgage loan has its own benefit. If the borrower is budget conscious, he will remain at peace because the monthly mortgage amount will not change.Fixed rate mortgage loan is a loan where the interest rate remains the same through the term of the loan. Fixed rate mortgage loans are the most traditional form of loan.
5. If you need an auto loan from online...don't worry, you surely get it. Just find the right comapies that provides you with Auto loan quote for free. I have seached the web and found one that has some good tips and solutions for you. You may take a look at it here: Http://Loan.businessallianceonline.com I think it is very heplful for you. Good luck !