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Are car payments counted in debt-to-income if i dont have a payment due for 12 months?

by lifesabeach673444 from San Jose, California. Jun 24th 2015 Reply


Yosef Shapiro (yosefshapiro)
#557 ranked lender in California - 1 contribution

Short answer is Yes. Feel free to give me a call if you want to talk it over or if you have any follow-up questions. I'm a mortgage advisor in the Bay Area.Yosef Shapiroys@emortgages.com707-763-6290

Jun 24th 2015
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Larry Gray (lgray_312_247)
#560 ranked lender in California - 1,127 contributions

Yes. If you only had 11 months or less owed in payments for a purchase (not a lease) we could leave it out of the debt to income ratio. As a creative lender wedo have the ability to get around debt to income requirements and would be happy to assist.

Jun 24th 2015
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Korene Clopine-Seaman (korene)
#70 ranked lender in Arizona - 83 contributions

All debt payments both current and future obligations are counted unless you have less than 10 payments remaining to be paid.I am a mortgage advisor licensed and work in both Arizona and California. I would be glad to do a free analysis and see what we can do to assist you.Korene Clopine-SeamanKorene@klcsloanteam.com623-340-0934

Jun 24th 2015
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 7,802 contributions

Yes.. all payments associated with your debt must be accounted for, but there is an exception for student loans in deferment for more than 36 months.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Jun 24th 2015
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