In my opinion, the most financially responsible approach to homeownership is to pay down debt as much as possible before taking on a mortgage payment. Otherwise, you may never catch up. Owning a house will always involved further expenses after the closing. Lender approval for home financing will also depend on your credit score and the chances of improving your individual score will increase once you owe less than 30% of your available credit lines. A good mortgage rep will give you tips on paying off debt and positioning yourself for a home purchase.

good afternoon.easy question.......pay down the credit card debt......the cost per-thousand on a mortgage now is still around $5.84/thousand dollars borrowed.the cost of credit card debt can be from $17-$18 and mich higher per/thousand.........it can go $30 or higher.best regards- bob mcclure- success mortgage partners- plymouth, michigan......

I'm afraid that your question is too generic. It would depend on how it affects your credit score. It also matters how much interest you are paying. You should probably sit down with a mortgage professional to discuss in private.