How can buying out your car lease affect your options for getting a mortgage?

[Samantha Ward]

Hello everyone!

I am looking to purchase my first rental property but I also have my vehicle lease ending in 2 months. I am wanting to buy out my car lease but am wondering how this will affect getting a mortgage. I know when you purchase a car they tell you not to do it at the same time as buying a house but I don't know if buying out a lease has different affects (since it's a less amount, I've already been making payments, etc.)

Any advice would be helpful as this seems to be a situation I can not avoid! Thank you :)