Paying off credit cards at closing?

[Anonymous]

Hello,

I will be selling my current home within the next 6-12 months.  It's pretty likely that I will come out well ahead.  Currently have a high DTI with no hope of having it paid off before looking for a new home. 

Provided I am listed at a high enough price that it will cover paying off credit cards, is there such a thing as an escrow account where my credit cards will be paid off at closing?  I understand under the new CC rules, any CC paid off at the closing of selling your home won't be included in the DTI for purchasing your next home?

Thanks

[DebtStinks]

Credit cards, just like any other debts like collection accounts, etc can be PAC (paid at closing) and therefore excluded from debt ratios as long as it's PAC or updated on a report pulled by the lender prior to closing.

Best of luck!

[CreditFun]

pay at closing, less paperwork.