Re: use money for down payment or pay off debt??
10-06-2012 12:35 PM
You need to be planning for closing costs as well as your downpayment, and to have 2 to 6 months of reserves post-closing, IMO. If the lender isn't worried about the trade-line, then your focus should be on the mortgage.
FICO scores: 819 (EQ) 815 (EX) 803 (TU)
Amex Platinum NPSL - Citi HHonors Sig. $42k - BMW Ultimate $36k
Chase Sapphire Preferred $42k - Merrill Lynch + Signature $33k - USAA Rate Advantage $20k
NFCU Flagship Signature $33k - USAA Cash Rewards AMEX $20k
Citi Platinum Select / AAdvantage Signature $23k
Amex Platinum NPSL - Citi HHonors Sig. $42k - BMW Ultimate $36k
Chase Sapphire Preferred $42k - Merrill Lynch + Signature $33k - USAA Rate Advantage $20k
NFCU Flagship Signature $33k - USAA Cash Rewards AMEX $20k
Citi Platinum Select / AAdvantage Signature $23k
(318 Views)
