What is better strategy for obtaining home mortgage?
Wednesday, June 22nd, 2011smartymoneys asked:
I use a credit card to pay for everything during the month. I then pay it all off at end of month. Would a mortgage lender consider this a monthly credit payment amount and offer less of a mortgage than if I were to just pay everything with check and cash and have no credit payments to make? What should I be doing to get the most mortgage amount approved?
I use a credit card to pay for everything during the month. I then pay it all off at end of month. Would a mortgage lender consider this a monthly credit payment amount and offer less of a mortgage than if I were to just pay everything with check and cash and have no credit payments to make? What should I be doing to get the most mortgage amount approved?