Should we take the statement we have and wait to buy...?

My boyfriend and I have a bank account with a 5 figure sum in it. He wants to buy a truck with 1/8 of our net balance but i think we should go ahead and apply for a house loan while we have the current balance. I don't want to get less money because he took a few grand out. does a few grand difference even matter? i want to buy a home and don't want to spend any more money until we get a loan/mortgage because it'll take our balance down and we might get a smaller loan.

Should we take the statement we have and wait to buy...?

Sounds like what is important to him and what is important to you aren't the same thing, but I agree with you. Get approved for a house with the full 5 figure still in the account. The interest you'll save will pay for the truck.

Should we take the statement we have and wait to buy...?

It will make a difference.

Depending what house you buy, some investments require 10-20% money down. Mortgages are relatively high now, and savings interest is getting lower and lower. To me it is wiser now to put money in an investment that will appreciate. When you buy property wisely, the value will be preserved and supposedly increase. Maybe wait what happens to the mortgage rates and keep an eye on the market. There should be a good time to buy soon.

If you buy a new truck, the value will only decline. And if you crash with it the next day all the money is gone.

I don't know about your plans for the future. If you don't have a car and need the truck urgently for work, it might be wiser to enable yourself to be able to work first. But it can be a used truck.

If you have a car and the new truck is just for fun or showing off, your plans of buying a house are wiser.

Buying a house is definitely a commitment, which is maybe too serious if you are not married. And maybe this is what your boyfriend is trying to tell you if he just wants a truck.

If you both agree to buy a house, make sure to determine ownership in case your friendship does not last. There are better rules when you are married.

Make sure, that you don't pour every penny into the house and calculate the monthly taxes, insurances and mortgage payment beforehand. It might be very hard on a young relationship when there is no money left to be young and have some fun.