Is it possible to buy a house with good credit but credit card debts?

Mortgage loans are based on your debt to income ratio.

If the debt level is too high then they conclude that you cannot take on additional debt or your qualification amount would be low so that your total debt including the mortgage would only be about 35%.

The real question is How Much debt do you have for your income ?

Is it possible to buy a house with good credit but credit card debts?

Yes, it is, but if your debt ratio is too high because of these credit cards, it could keep you from qualifying for the loan.

Is it possible to buy a house with good credit but credit card debts?

Sure. But it depends on how much debt you are in. If it isn%26#039;t too much then you can finance your debts right into the mortgage if you are approved for that amount. I%26#039;ve done it every time I bought a house. I%26#039;ve sold 3 and bought 4. Each time we entered debt free except for the mortgage.

Is it possible to buy a house with good credit but credit card debts?

Depends r u in debt real bad, there is a ratio they go by. If u feel u r in debt to much take the time to pay the balances down. Ck. into getting lower interest rates, 1 example putting all credit card debt on 1 card with a low interest rate. Or if possible a bank loan with a low rate to pay off the debt. U not only want a low rate but this will lower ur monthly pmts. Hope this has helped, you will get ur home, HAPPY NEW YEAR!

Is it possible to buy a house with good credit but credit card debts?

yes .but you will want to lower your debt.dont get rid of everything but you should minimize your debt

Is it possible to buy a house with good credit but credit card debts?

In this market with all the creative financing available, nearly anything is possible. I know tons of loan officers who would love to help you.

Is it possible to buy a house with good credit but credit card debts?

Bad credit is one of the worst problems to have... however there exists a solution.

I will hereby talk from my personal experience.

I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details,

if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,

a good place to start in my humble opinion is astraight to the point ebook with question and answer I found :

http://umgarticles.atspace.com/debt-cons...

if it helps kindly remember me in your voting!.. cheers!