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griffincoach

Paying down credit card debt before applying for prequalify

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I'm selling my home and will pay down some hefty credit card debt with money I make, however it will not pay it all down.

 

So my question is exactly what to pay prior to trying to prequalify to purchase my next home.

 

Should I pay everything down below 30% and keep severely minimum payments or pay all of the smaller balances to nothing and leave one card with a balance and thus only one monthly payment toward credit cards but where the balance may be over the "30%" that I've read about….

 

Thanks in advance!

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