Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Scores
Profile Image

Question By
RyanM86

0 Contributions
0 People Helped
Buying a House and a Car....?
I want to buy a Family Car and starter home in a few months. I need the family car more but with the market I'd like to get into a house now when everything is so low. I qualify for VA loans and I know I can make the financial payments of both the car and house. I also have a Career Starter loan with USAA and that is the only real debt that I have. I make 450/mo payments there. I have a credit score in the low 700's. Should I even apply for both, or should I wait for the house another year or so...? If I get denied it'll hurt my Credit Score, definitely don't want that.

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
7367 Contributions
3809 People Helped
Most Helpful Response

Don't get in financial bind!!

Helpful to 1 out of 1 people

I'd suggest getting a family car first (recommend one that is between 1 1/2 or 2 years old for best value because someone else "ate" the depreciation and there are about 10 good years left on that car) and putting any extra monies aside in savings towards the house.  You really don't want too many large loan payments at one time or you'll really hurt yourself!!

FYI- I'm a veteran, too.  Hope this helps.

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.