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Which path to follow:
jamjam3
Posts: 30 Forumite
Hi,
Should one pay off their debts (£2,500) before applying for a mortgage or after??
The only con is the fact that my bank balance will reduce by half and the bank might take note.
Should one pay off their debts (£2,500) before applying for a mortgage or after??
The only con is the fact that my bank balance will reduce by half and the bank might take note.
0
Comments
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personally, i would pay off debts before i apply for a mortgage - only being that i know that all i owe is the repayments each month for the next 20 odd years
i think it is down to choice - if the bank believes that you can pay the mortgage and other outgoings then that is great.Saving for a deposit for a place of my own.....:jSavings so far £29,450/£40,000:j 73.6% SAVED!!!1poll £23.90/£40.00 (claimed 1x£40)No Monthly Car Payments left! Paid off on the 5/11/10!0
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