The payments still show up
The payments can appear on your bank statements, and underwriters review those statements carefully.
Credit and Income
Buy Now, Pay Later may still count
Think those Buy Now, Pay Later accounts do not matter because they do not show up on your credit report? Think again.
They may affect your DTI
Companies like Affirm, Klarna, Afterpay, Zip, Sezzle, PayPal, and Sunbit may not impact your credit score, but the monthly payments can still affect your debt-to-income ratio.
Ask before you finance
Before financing that new couch, TV, or online shopping spree, check with your loan officer first.
Underwriters read everything
The underwriter is going to read your bank statements like they are the latest bestseller.
Written by Marta Lillard
25+ years of mortgage experience, explained in plain English.
Mortgage Broker · First Coast Mortgage Funding · NMLS #879436 · Licensed in Florida and Georgia
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