Applying for Ford Credit

[yngwenli]

Thanks for your advice. Hope there have not been any significant changes since then. Btw, guys, can I take out a car loan and a mortgage at the same time? Will the bank let me do it?

These are two completely separate transactions. If your income levels support having both (or 5/20/##), then that's not an issue.

We have a mortgage and did Ford Options.

If you are about to buy a home, most advisors will tell you do not buy a car just before since that might mess up your home loan numbers.

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[Rogue Pony]

Thanks for your advice. Hope there have not been any significant changes since then. Btw, guys, can I take out a car loan and a mortgage at the same time? Will the bank let me do it?

This depends on your DTI after your car loan. Most lenders want your DTI to be below 43% and prefer it to be below 36%. You should talk to your loan officer since he/she will know your financial situation best.