What Debt You Need To Pay To Buy a House

What Debt You Need To Pay To Buy a House



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If you want to buy a house then it’s a good idea to know what lenders want to see when when they look at your credit. There are tricks you can follow that will make your credit score skyrocket and most people don’t know it exists.

Hi, it’s Bethany again and I’m wondering how much do I have to pay on my credit card if I want to buy a house? Can you help me out?

Hi there, Bethany. It’s Stephanie Carter of The Monarch Team at Keller Williams and that is a fantastic question. Typically lenders like to see that you use less than 30% of your available credit. What I mean by that is if you have a credit card with an available balance of a $1000, they want to see you using less than $300 of that. That will increase your credit score and lower your interest rate. So that is what you strive for.

We’re here to help because we love what we do and you will too. Hope that helps and if you have any questions, tips or tricks, just give us a call. Have a great day.

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