<prompt> Human: I make 68,000 a year, am married, wife just had a baby, we make two car payments 700month, and both have student loan debt 150month on hers, mine are in deferment. We have roughly 5000 in savings from my old 401k that got cashed out, and we desperately want to move into a house. Bank says they wont preappove us for a loan because we dont have anything to cover closing costs. Help?  <response>: Youre not financially ready. Save some more. Your prioritized cars over buying a house. Nothing wrong with that, but its the choice you made. You also dont have anything for a down payment. 