The Mortgage Files

Nationally syndicated mortgage news and advice from Senior Loan Officer Scott Sheldon.

Car payments vs owing a home

Car Payments and Home Buying Power: How $700/Month Can Cost You $100,000

By Scott Sheldon / April 17, 2025

How a Car Payment Could Cost You $100,000 in Home Buying Power When you’re house hunting in today’s market, every dollar counts — and sometimes, it’s not your income holding you back from qualifying, it’s your monthly liabilities. One of the biggest culprits? Your car payment. You wouldn’t believe how often I see someone with…

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