Buying a new or slightly used car and purchasing a home are two of the biggest financial steps we make in our lives, but did you know one could affect the other? When you apply for a car loan, the size of your monthly payments and how well you maintain those payments can factor into your mortgage approval. Here’s what you need to know before you take on these big purchases. Credit Scores An auto loan can have a big impact on your credit score, which in turn has a big impact on whether you will get approved for a home loan and what rates you will get. First, when you…