How does trading a car affect the outcome of a home loan?


Posted January 30th, 2011 by admin 2 Comments »
car
Benji asked:


I want to know if its a bad idea to trade in my $11k car for an equal value truck. I am going to be buying a home in about 4 months, and i don’t want the trade to mess up anything with the home loan.

If its bad before the home loan, what about after the home loan is completed?

I know it would be best to just keep the car, but i need a truck.