Should I apply for a mortgage?

[Anonymous]

I have a 694 credit history with 1700 in debt as of march 1st.

Since then I have paid off of debt but I doubt it was reported yet.

Should I go ahead and apply for a mortgage or wait until it shows the debt is paid off?

My mortgage broker says don't worry about it.

[Anonymous]

If it's already paid off, wait for the better scores - probably just a few weeks. Gives you less to worry about.

[john398]

Depending on what kind of debt it was (ie if it was an old collection debt) it may of made your score lower by paying it off

That maybe why they told you not to worry about it

[Anonymous]

it was just basic credit card debt. Now I am debt free besides a 330 a month car payment.

I make 33k a year looking to get a place around 90k

[DallasLoanGuy]

Loan program?

Down payment?

on fha, any score increase wont matter.