For some reason I can't reply to a message I already posted. I'm wondering if it would be a good idea to pay off the balance I owe on a repo (car, $6000) with a personal loan. Will that make my chances of getting a house better?
It might and it might not. It might because the repo would be paid off, but it might not because then you would have a payment on the personal loan that would be figured into your debt to income ratio. With details on your situation it'd be easier to give a more specific answer.
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