Sunday, January 24, 2016

Should we save our money for a house or pay off credit card debt?


Should we save our money for a house or pay off credit card debt?
Added (1). My husband and I are trying to buy a house. We have saved almost $5000, but we have about $20,000 in credit card debt, $30,000 school loan debt, and $10,000 car loan debt. Looking at our debt-to-income ratio, we unsure if we would be able to get a mortgage loan for a house being priced at $129,900. We are unsure if it would be better to save more money, or to put more money on our credit cards. We have good credit, and we make almost $80k/yr gross. What should we do?

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