Posted on: 07th Jan, 2011 05:01 pm
Wanting to get a mortgage but my husband and I both have credit cards with high balances, 6000.00 each. Are we better off to use our 12,000 down payment and pay off the credit cards and then get a no down pmt mortgage. Or should we have the down payment and try applying with large credit card balances.
Many factors involved for geting mortgage.
Can you clarify your credit score?
Can you clarify your credit score?
It's going to be extremely hard to find a no down payment mortgage. I suggest consulting with a loan officer. He'll tell you the best avenue to take to obtain a mortgage.
