2 questions in one post

[Juan Alvarez]

Hello all,

I was pre approved for an FHA loan for $225k on May 6. That approval expired August 6. In the months in between I managed to save more money 4k$, pay down my car car loan and pay down my student loans. I want to ask my lender if he could provide and update pre approval with current bank statement to see if I now qualify for a larger loan. Do you guys think it can increase by just having 4k more in savings ?

I roughly owe $2700 on my car note that’s scheduled to be paid off next July (0%apr). - my monthly payment is $333. Do you all Belive that I can qualify for a larger loan if I decide to satisfy my car loan now ? I would have an extra $333 a month but I would basically use the money I saved in those 4 months to pay it off.

So if I decide to pay my car off now the lender will see that I eliminated a debt and also have an extra $333 a month but used $3k from savings to do so, or if I do not pay it off the only difference my lender will see is that I managed to save more money but my debt stayed the same.

Any advice is helpful. Thank you all.