Posted on: 29th Mar, 2011 12:13 pm
got approved for 65,000 do i have to pay off the debt from a credit card of 1,333 before i can close on a home. I would like to just make payments still. Is this just my bank telling me this This i s a rural housing development loan
Hi Guest,
There are chances that the lender will want you to pay off your other debts in order to get a mortgage. It will be better if you could pay off the debt in full and then take out the mortgage.
There are chances that the lender will want you to pay off your other debts in order to get a mortgage. It will be better if you could pay off the debt in full and then take out the mortgage.