would an expert in the mortgage business be able to weigh in:

if I am buying another home and want to most easily qualify for the most amount

does it matter if I lease or own a vehicle?

meaning, if I buy a car but have a $35,000 note for a car payment I have to pay back..

versus lease a car where I have only monthly payments of $650 for three years.

Your car payment or lease payment is calculated into your debt to income ratio.

It will be counted as debt either way. Unless you owe less then 10 payments then the lender can remove the payment from your ratios.

Pro tip, don't buy the house at the absolute top of your price range.

It is all about the monthlies

If you're within ten months of having your auto loan paid off, we don't have to count that payment when calculating your debt-to-income ratios.

If you're leasing, we have to count that payment, even at the very end of your lease. The underwriter has to assume that you're going to exchange that lease for another one when it's up.

Only on close-ended loans. You cant exclude leases or revolving debts in the 10 month rule.

Leases on BMW's don't count per Reg D-B

aggiepaintrain said:

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Leases on BMW's don't count per Reg D-B

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I thought that meant they count double?!?

Prob best to go under contract then get the $1000 per month car payment