Why It’s So Important to Pay Off Your Credit Cards Before Applying for a Mortgage

Buying a home? It’s best to apply for a mortgage once you’re free of credit card debt.

Your goal in getting a mortgage should be to not only qualify for a home loan but also snag the lowest interest rate possible. But if you have too much credit card debt at the time of your mortgage application, you may be setting yourself up for disaster. Here’s why it’s essential to shed as much credit card debt as possible before buying a home.