So i wanted to see the best plan of action, we will be applying for our morgage in April, 2 years post BK7. we have approx 9k in outstanding credit card debt
we have got around 14k for a downpayment and closing costs (looking at 200k home) Our DTI should be ok, household income is 100k and both have solid work history and perfect payment history since BK. My FICO 5 is average 694 wifes is lower but cleaning up her scores now.
My question is, would it be better to pay off the credit cards to zero prior to applying; or should we use the 9k to add to the downpayment ? I dont think the 9k debt will make a big difference on our DTI. Any help would be appreicated.
