No, I would not pay off the second rental because the cash flow (hopefully positive) should help your debt ratio. Plus, the monies that you use to pay it off could also hurt your debt ratio.
Yes by approx. 5 - 10 points , best to have a general idea what your scores are in order "talk shop" with mortgage broker.
Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
It looks like part of your question got cut off.
Contact Patricia Rockaway (281) 341-5338 with Remax. She works that Sugarland area and can answer any questions you might have about the areas.
Good luck on your home search!!... more
I do NOT sell you a home! You tell me what you are looking for, you tell me what you want and need in a house. How many bedrooms do you want? How many bathrooms do you want? How many do you need?