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Name: LD Title of Question: My dumb husband bought a car
Question: Today, my dumb husband bought a car. We have signed a contract on a $332,000 home and it will be built in 8 months. Despite the fact that he knows better, he still traded his truck to make another purchase leaving a balance of almost $10000 to pay. I know that banks dont like to see purchases like this, but does the amount make a difference? Are we messed up now because of his dumb decision?

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Name: mo | Date: January 4, 2008, 5:20 pm |
Answer: dumb decision

Name: Mini | Date: December 4, 2007, 2:51 pm |
Answer: I also just purchased a home and I applied for a Sears card a month later and I didn't get approved cause of the new car and mortgage loan I just took out.

Name: Susan | Date: August 17, 2008, 2:18 am |
Answer: His purchase may not make a difference. However, if you are worried about it, you may want to call your lender and let them know of this new purchase. Good luck. Susan http://www.accessavhomes.com