How is Personal Loan/Credit Card Debt viewed by lender

[Hooosier]

We will be applying for a mortgage this winter in the neighborhood of $400K with income of $140K and $20K downpayment.  We currently have approximately 30K in credit card debt.  Would it be worthwhile to apply for a personal loan to pay off all of this credit card debt?  Would a personal loan of 30K look better than credit card debt of 30K look better on a mortgage application?  Or would the inquiry and new account (aged 7 months by the time we apply) look bad?  I currently only have one inquiry in the last 12 months and newest account is 10 months old.

[fot1]

A  loan will score better, Fico wise..

[Hooosier]

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@fot1 wrote:

A  loan will score better, Fico wise..

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Thank you.

Does anyone else have any other opinions on this?  TIA!

[TimeToRecover]

well I guess the big question would be what is your CC limit amount.  

if you have 30K balance on 300K limit of cards then you are at 10% utilization.  if you are at 30K on 35K limit then you are maxed out.  

[ShanetheMortgageMan]

From an underwriting perspective, a credit card balance & an installment account balance of the same amount look the same.  Usually only inquiries within the past 4-6 months are viewable on the lenders credit report, an account just 7 months old wouldn't be a big deal either.