Hello guys! I'm currently 25 and I'm hoping to get a home within the next couple of years. Right now I have close to 30k saved up and I owe about 22k on my car. My question is should I pay off my car and let my credit drop about 30-60 points then build it back up with credit cards to take care of a few things before I get a home while continuing to save up? Or should I just keep saving until I get the mortgage and then pay off the car afterwards so then that way my credit doesn't drop now. Right now my credit is at 760, after I get the mortgage I really won't care about it anymore lol. Let me know what you guys would do in my situation. My reasoning for questioning this is my car payment is 410 and my rent at home is 200, I'm shooting for a 60-80k house so then that way the mortgage is around 600-700 and I can continue to keep saving like this.
Submitted April 21, 2018 at 01:59AM by xbroskin420x https://ift.tt/2HjppiH
