Hi guys, I had a couple of questions. I am closing on my house in a very short time, I have had my credit problems in the past, but have had a really good solid history for the last 2 years.

After I close would it be a problem since I will have only been in my home for a few days? previous house was there for year and a half

Also was looking at going through a car max store, I have a car I waned to sell them and use part of the money as a down payment on a newer car, about the 11,500 range putting down 1k down payment and getting a little cash back. value of my trade about 5-6k Paid off have title

length of emp at current job 8 years

fico as of todayfrom Myfico.com 687,689,695

I make 57k per year, house payment is 1600 per mo, an I have 1 other car payment of 156.00 per month I will be keeping that car. no other debt

Will the short length of owning this house cause a problem?
will my credit drop after I close? to the point of getting me a lousy interest rate?
If I close on my house how long should I have to wait to get a car loan? reason I ask this is a larger car would help in the move-

thanks for your help! bws

On behalf of CreditBoards Admin, MarvBear would like to extend a sincere and warm welcome to the Automotive Forum.

We have an Automotive FAQ (Frequently Asked Questions) section that should prove to be very helpful in your automotive knowledge quest.

In the Reading and Resource Section of this forum, which is a read only forum, you can look up information regarding Sales Tax by State, Lemon Laws by State, along with a number of industry specific topics very relevant from the dealership's perspective.

In the main section of this forum, there are two pinned topics both of which are read only topics. The first concerns Bank and Credit Union rates and tiers. You might find this useful in predicting an interest rate on your next vehicle purchase. The second is a general purpose credit application that you can use to get an idea if you might qualify for an automotive product loan based on an insider's perspective of the information you provide.

You, as a consumer, have a unique advantage to "pick my brain"as I have been in the Automotive Industry since 1972. I will endeavor my utmost to give you up to the minute information and explain any insider workings you may question.

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Bump Marv?

5 minutes after you sign the papers for the house.. at (closing) I would then go and do whatever.... buy car,truck, motorhome.. just dont buy a thing until you sign the papers at closing..

just go buy something. You'll be approved.

So Me having two open auto loans wont be a problem, also just closing on a house wont cause a problem? thanks for the info, Bws

are you keeping the auto notes?

I will have 1 auto loan (existing) then will being a partial trade in Paid for) and getting another loan (new)

do the credit app within this thread please for review.