Car Lease Questions

Home Forums Purchase Program Car Lease Questions

This topic contains 2 replies, has 3 voices, and was last updated by  TTrumble 1 week, 2 days ago.

Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • #46797

    Chris2019
    Member

    I have my intake appointment at the end of this month. I already know that my car lease is going to be a problem for my DTI.

    My question is, will NACA not count the lease payments when I have less than 10 left? In my case it won’t be until May 2019, but that’s better than waiting until all payments are complete.

    Thanks in advance!

    #46800

    JHarris981
    Member

    @chris2019 yes, that is correct.

    #46813

    TTrumble
    Member

    Hello Chris2019,

    Any installment debt that has ten or fewer payments remaining is not included in your budget and affordability calculations, including your auto lease.

    Tim Trumble
    Online Operations, NACA
    ttrumble@naca.com

Viewing 3 posts - 1 through 3 (of 3 total)

You must be logged in to reply to this topic.

Follow us on Facebook RSS Feed Follow us on Twitter