Saving, Managing Debt, and Budgeting


Should I pay down my debts before I apply for a mortgage?

If at all possible, in order to reduce your normal monthly expenses, it is a good idea to try to reduce your debt load, as it will help you secure a mortgage. You also benefit by eliminating high-interest rate debts before taking on a relatively lower-interest rate mortgage.


This is a web preview of the "The Handy Investing Answer Book" app. Many features only work on your mobile device. If you like what you see, we hope you will consider buying. Get the App