Posts tagged loan

Question by saylasmommy:
Will taking out a automobile loan injured my chances of buying a house?
My Husband and I are stil unsure of renting or buying right now…Its kind of complicated since he just got out of the military and we just moved back to MA across the country and are currently staying with my family. We always used one automobile because e lived on a small military base…now we NEED to automobiles because Im starting a part-time job and I have to small children…My husband also works a hour away 48 hours at a time! So a automobile is a MUST! I have money in my savings but im saving that for the home (we are using the VA Loan) Will it injured us to take out a small auto loan for like $ 4,000? My husbands credit score is about 710…We also have no credit card debt at all….We have three cards but only charge gas and pay them off right away…And we have one automobile loan out thats a couple years old for $ 12,000. thanks!

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