Tag Archives: Debt ratios

Can you pay off debt when buying a house to qualify for more?

Posted on September 29, 2014 by Ray Williams (NMLS #216267). Tagged: , , , , ,

A very interesting thing is happening. It reminds me of when I bought my first home. This is how that went down. I had sufficient money to make a 5% down payment on a house saved. However, I also had some consumer debt (car, credit cards….). Now one might say putting less down on a house […] …read more