I'm planning to visit a mortgage broker in the next few months to see where I stand in buyin a house. I have what I understand is average credit and my only debt is 6k on the mustang which is running about $300 a month. I can pay the balance of the auto loan without affecting my 20% down payment on the house.
would I be better continuing the car payments to help building my credit score or would I be better off being able to show that even with my average credit I have 20% down and no debt?
I'm looking for the best chance of approval with the best rate possible.
would I be better continuing the car payments to help building my credit score or would I be better off being able to show that even with my average credit I have 20% down and no debt?
I'm looking for the best chance of approval with the best rate possible.
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