Pay Off Debt

pay off debt
Is it better to pay the debt or have more cash?

My sister-in-law intends to seek an FHA loan soon. Is it better for her than pay more of their debts with the money they have or keep in the bank? Your credit score under 700. I was thinking that she should have enough for the 3% and pay down debts with the rest.

Try to fix as much credit as possible. Make sure that the money you owe to each creditor, is below the range of 50%. that would give a better opportunity. If you can get a% 10 + down (more than 20% down) you can have a higher risk of getting the loan and low interest. But trying to fix your credit, the last thing you need is to be stuck with a payment of interest.

Pay Off My Debt

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