Car Loan AFTER the Mortgage…not before

If you are thinking about buying a new car…and also thinking about purchasing a home…you want to get approved for the mortgage first. The car loan is much easier to qualify for than the mortgage. Often…you will shop different dealerships for a car. Every time you apply for financing the dealership will run your credit bureau.

What you don’t want is for the bank to see that you went from dealership to dealership trying to get a car loan..it makes them nervous and it drives your beacon score way down. Let me know if you have any questions.

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