There is a difference in computing your debt-to-income ratios if you have an auto loan vs. an auto lease. This can make the difference between qualifying or not qualifying for the amount of home loan that you are requesting. There is another secret here that most lenders do not know or misunderstand. Find out the facts here. It can make the difference in whether or not you get the home that you desire.
Sometimes qualifying for a home loan is not an option because of the amount of debt you are carrying. If you have money for down payment, use this strategy to possibly qualify for your desired loan amount.
A hard credit pull most likely will impact your credit scores by a few points, which could make the difference in dropping your scores below a loan pricing adjuster and cost you more money via a higher interest rate. A soft credit inquiry has no impact on your credit scores. Learn the difference here so that you will know if you can do anything to get your credit scores as high as possible.
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