Financing
looking to buy a toy hauler fifthwheel and the truck I currently have will not pull it! Wondering if I would be better off buying a truck that will work and then the trailer? The trailer then the truc...
Forum Discussion
Now that everyone has chimed with their answer on some question that you didn't even ask, I'll try and answer the question that you did ask. A lender really doesn't care how many and how big your loans are. They look at your debt payments as a percentage of your income. The general rule of thumb is about 35 to 40 percent (Ideally about 36 percent, but some will stretch to 40 percent with a good FICO score). So in other words, they want your monthly payments not to exceed about 36 percent of your monthly income.
