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  #1 written by stringfellow
  October 20, 2008 - 6:30 am

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  It happened to my girlfriend. She was already toeing the line as far as credit goes, so she had to consolidate some debt before she could go ahead with the purchase. It took a little time, but eventually worked out. It depends on how much the car loan was. If they think you’ve overextended yourself, there could be problems, but if you had excellent credit, you should have a cushion there.

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  #2 written by Gitchy gitchy ya ya da da
  October 23, 2008 - 8:09 am

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  There’s a weasel clause in that pre-approval stating that they can change the terms of the loan without notice. You should have rented a car for a month if necessary, that wouldn’t have affected your credit rating. Then buy a car after closing.

  You just raised your debt-to-income ratio. The lender can make the terms of the mortgage much less favorable.

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  #3 written by walkerhound03
  October 24, 2008 - 7:10 pm

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  I know that when I got preaproved for a home loan the loan was goof for like 90 days and then after that they would pull another credit report.

  The car loan changes your debt ratio.

  From

  “Normal conditions might include requiring an appraisal on the home to verify it is not overpriced. A clause allowing the lender to decline to loan if your financial situation changes substantially between the time of your pre-approval and closing is also common. But pre-approval should not carry a lot of strings. If the lender requires a second review of your credit and finances, seek pre-approval elsewhere.”

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  #4 written by zoe
  October 28, 2008 - 4:19 am

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  the more people that look at your credit score, for what ever reason, purchases, loans, etc…the lower your score goes.

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  #5 written by KayAlley
  October 31, 2008 - 9:14 am

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  yes. everytime you get any loan or inquire about a loan your credit score goes down.

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