Car lease affect mortgage rate? - Posted by DCDave

Posted by DCDave on March 16, 2006 at 23:12:32:

I just sold my car, and I’m debating whether or not to pay cash and buy a new one outright or lease another car. I’d like to lease so I have the cash available for my real estate business. Will leasing a car affect my ability to get a better mortgage rate because it will affect my debt-to-income ratio? Will it have any affect on my credit score?

Thanks so much for the help.