If score is more important- pay off the Revolving/CC debt
$ wise- pay the highest APR- and prepare with reserves.
FICO does not know your income-so DTI is not calculated by them-
adam98 wrote:
My car will be paid off in May of 2009. My wife and I are very close to moving from Texas to Denver. We would sell our home in Texas that we have a lot of equity in, and purchase a more expensive home in Denver. We have the $ available to pay off my car loan now. When it comes to interest rates on a mortgage, or use the money to pay off some credit card debt? Is the FICO valued more or the debt-to-income ratio?
