This happened to us on re-finance. I had to delay applying for the MS loan until we closed on the refinance.
Came in to post this. Running head first into two major pieces of debt is a huge no-no. I wouldn't even consider the Model X personally if you can't pay cash. A 30 year mortgage makes your house a liability, not an asset. Even with today's super low mortgage rates, you're going to pay double what the house is worth over the course of the mortgage. I hope with financing, your goal is to pay both loans off in less than half of the time you are actually requesting. Debt brings shackles, shackles keep you at a job you don't like, make the home life very stressful, and ruins relationships. I'm not your mom or your dad, but invest the money instead and live with *just* a car that's half the price or less until you can pay cold hard cash without blinking much of an eye for the X. God speed to you.
Doesn't matter, because one day, your job may decide it doesn't like you (no matter how hard you work). Also, if you are working for someone else and you are getting a $100k car... L O L. Have fun with the ball and chain, brah.
When you work for someone else and you purchase a $100k car, that someone gets butt hurt and thinks you make too much money. Good luck asking for a raise. I bought a used Model S and hear the snide remarks all the time.
I hope you were able to invest some if the savings by buying used, into TSLA. Then you might have the last laugh.
i was in this situation in december. applied for our 3rd refinance of 2020 on 12/18 last year and locked the rate same day, then got a notification a week later that my MYP would be ready for pickup on 12/27. i was doing 50/50 cash/loan, so just proactively told the lender what was going on. they said no worries and just had me upload proof of the note (it was just a screenshot with the loan details from my account). no terms were changed and we closed on 1/2. so yes, generally the rule is no other inquiries or lines while in the mortgage/refinance process. but it's not the end of the world especially if it doesn't dramatically change your DTI. this is just my experience.