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I made my first post as I was in a similar situation, and was able to work it out. Whether it was strictly by the book, or a little bit of a card trick, the end result is I bought the house, paid off the car, and everyone got their money. I see this as totally different than the things that were taking place that led to the current mortgage crisis (no document loans where people lied about their income, variable rate loans that went sky-high, interest only loans, etc.)
I think it is different also. Your debt to income must have been in line even with the higher car payment.... what you did to readjust it afterwards is up to you. Anybody can add new debt after buying a house also. To me it just seems that you found a loophole...
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