How To Pay Off Debt To Buy A House Direct

Lenders primarily look at your —the percentage of your gross monthly income that goes toward paying debts. To qualify for most conventional loans, you generally want your total DTI (including your future mortgage) to be 36% to 43% or lower. Reducing your debt not only improves your chances of approval but can also secure you a better interest rate. Strategy 1: The Debt Snowball Method

, this is the fastest way to reduce what you owe, though it may take longer to see a "win" if your highest interest debt has a large balance. Strategy 3: Debt Consolidation how to pay off debt to buy a house

with every extra dollar you can find.