Maple Property Group

A new car might feel like a great next step, but if buying a home is also on your mind, it’s worth checking the timing.

When you apply for a home loan, lenders look at your income, expenses and existing debts. That car loan repayment is part of the picture and can affect how much you’re able to borrow. The impact depends on your situation and the lender, but it’s something to factor in before signing.

It doesn’t mean you can’t have both. It just pays to know where you stand first.

Thinking about buying a home? Send us a message and we’ll help you work out your next step. 👇🏼