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Does Having A Car Loan Impact My Qualifications for a Mortgage?

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A mortgage and a car loan are the biggest financial responsibilities a person can have. To put it simply, both loans can affect each other but not necessarily in a bad way.  

 

Payment History 

Both loans look at your credit history and how reliable you are at paying back your debt. If you always make your payments on time, this is advantageous and you will be rewarded for having good credit.  

 

If you need Toronto Auto Financing, go to our website and apply today! It's 3 easy steps! It only takes a few minutes and you can be approved by tomorrow! Give us a call if you have any questions. 

 

Learn More: https://ontariocarloans.ca/