Reduce your debt before buying a home

Reduce your debt before buying a home

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Reduce your debt before buying a home Whether you're moving home, there's a good chance you'll need outside financing to obtain it. However, as many homebuyers have learned, now is the time to try and reduce your debt before purchasing your home. Here are some ways you can reduce your debt. As well as, increase your cash flow and achieve a low debt-to-income ratio before buying a home. Fix your credit report While you might not put much thought into old information on your credit report, lenders do. Appearances matter on your credit report and multiple addresses can give off the impression that you're financially unstable. Even if a potential borrower doesn't find any errors or discrepancies on their credit report. It's good for them to get in the habit…
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