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
The focuses on psychological wins to keep you motivated. List your debts from the smallest balance to the largest. Pay the minimum on every debt except the smallest one. how to pay off debt to buy a house
Note: Avoid taking out new lines of credit within 6–12 months of applying for a mortgage, as "hard inquiries" can temporarily dip your credit score. Crucial Tips for Future Homebuyers Lenders primarily look at your —the percentage of