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Mortgage with an expensive car.
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Hi everyone, My wife and I are looking at buying a house in Seattle. She has steady employment as an Engineer with the city making 70k a year. I am in the middle of changing careers, but make about $60,000 a year driving for Uber and renting out my car (Independent Contractor)

The issue is, we own a Tesla Model S. We write it off on our taxes, which basically equates to me not having any gross income. But with the large car loan, it kills our Debt to Income ratio.

Do banks care about this stuff? It seems silly to count the expensive car loan against us, but then not count the income I am making.

Any guidance is appreciated.

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7 years ago