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RMA0524

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trading in my car for a newer car 6-7 months before applying for Mortgage
Ok I need to trade in one of my vehicles for a newer car my Transunion score is 774 (DTI 13%) more than likely the newer car will be more expensive but at a lower interest rate and lower payments. in 6-7 months I plan on STARTING the process for applying for a mortgage during that time frame I plan of paying off the other 2 cars and lowering my credit card balances. My question is should I wait on the new car and how bad if at all will it affect my credit score. And yes I know the conventional answer is house then car but waiting might not be an option

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If the DTI is going to be lower and so is the payment it may work for you especially if it's 6-7 months and closer to a year to apply for mortgage.  They'll obviously look at the big picture but I don't see anything wrong with your plan!

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