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It does if you get turned down.

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Q: Does applying for a car loan affect your chances to get a home loan?
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Related questions

Will multiple credit card inquiries affect the chances of getting a home equity loan?

Multiple inquiries will not affect your chances, the only way it would affect you getting a home loan is if your credit score was impacted. Be careful with applying for credit cards, the inquires affect your score negatively.


Will applying for ebt affect me when applying for home loan in Florida?

Well, if you can't afford to buy food, how are you going to afford to pay for a home loan?


What are the requirements to qualify for an FHA home loan?

"Requirements for an FHA home loan vary depending on what kind of loan you are applying for. If you are applying for a re-structuring loan, you need to own a home. If you are applying for a first mortgage, you need good credit, a deposit and a social security number."


Does applying a payday loan harm your credit score?

Applying for a Payday Loan will not affect your credit Rating. Some lenders do not need a credit check to approve a loan for you.


How does bad debt affect your chances of getting a loan?

A bad debt can affect your chances of getting a major loan such as a house loan. Bad debts lower personal credit ratings and banks are opt to reject loan applications because of this.


What information must you provide when applying for a home construction loan?

Information you must provide when applying for a home construction loan is monetary information about debts, assets, and personal income. After submitting information, you may or may not qualify for a home construction loan.


Will an auto repossession affect your chances of getting a loan for graduate school?

Only if you are getting a private loan. If you get a government loan it will not affect it since they will only hold govenment debt against you.


Will a car loan affect chances of getting a school loan?

In the US, no it won't. Your credit and job history do not play a part in student loan eligibility.


Where can one learn the basics of applying for a home equity loan?

One can learn the basics of applying for a home equity loan on a number of financial services websites. One can get help on 'Wells Fargo', 'Bank of America' and 'Investopedia'.


How can someone get a home equity loan if they have bad credit?

A person with bad credit can still apply and get a home loan by using the equity in their home as collateral. The more equity in the home the better the chances of being approved for the loan.


Does filing bankruptcy decrease the chances of you obtaining a home or auto loan?

Absolutely.


How can one apply for a home loan?

You go to your local bank and ask them. A person can apply for a home loan online using many different websites. Also, a person can apply for a home loan by going to a bank and applying by filling out the proper forms.