Q&A: PAYING OFF DEBT PRIOR TO BUYING A HOUSE

Is it better to pay off collections? – 9 Tips

In some situations I recommend paying off debt prior to homeownership. If you have the income to be able to continue to save for your home and pay off debt then do it.

If your debt and min payments are low and you can afford the mortgage with the debt then buy the house. Money is cheap take advantage.

Everyone’s situation is different it’s not one size fit all. Best thing to do is to get pre approved to know where you stand.

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Follow me on Instagram and make sure you jump on my daily lives @mgthemortgageguy.

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