Paying off a credit card is one of the best things you can do to raise your score and qualify for a better mortgage, but closing a card is among the worst. There are other factors besides credit scores that affect your ability to qualify for a mortgage: debt-to-income ratio, the amount of money you have in the bank and length of time at your job, to name a few. Yet, with these and other such elements firmly in place, you can make that mortgage more affordable simply by raising your score. |
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