I hope someone out there with rv buying experience can help us with the questions we have.
We are wanting to sell our home because I am currently unemployed and our debt to income is at it's limit. We would like sell and purchase a rv so our bills would be less and also to pay off a few bills in about a year or so of living in the rv.
Now, the question is...with the debt to income being the way it is and the selling of the home with no profit. Just to get out of the house note etc. would we have a problem purchasing the rv before the closing of the home? In other words, the house will still show in the debt to income on my husband credit for about 30 days after the house closing. Does anyone know if we can show the closing papers to the finance company to help the debt to income? When we sell, we have to find a place after the closing this I know. So, the rv purchase would be great. Can't wait the extra 30 days for the house to drop off the credit to show the difference in the debt to income.
I hope I didn't confuse anyone out there. Please reply if you have any helpful information!
Thanks
-- Edited by Loritarver on Sunday 11th of July 2010 04:43:36 PM
-- Edited by Loritarver on Sunday 11th of July 2010 04:45:16 PM
-- Edited by Loritarver on Sunday 11th of July 2010 04:43:36 PM
-- Edited by Loritarver on Sunday 11th of July 2010 04:45:16 PM