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Re: applying for a mortgage - credit card vs loan debt

  •  Fri, Aug 17 2007, 8:54 PM

    Re: applying for a mortgage - credit card vs loan debt

    Agreed with Adey, you'd be better trying to consolidate your loans into the mortgage or leave them as they are for now. Every time you apply for credit it registers a credit search on your file. If many searches appear on your file, this can decrease your credit score.

    I'd recommend just working out a budget for yourself, including the mortgage payments, to help eradicate the debt asap. Or if you really want a consolidation loan, you could apply for it after mortgage completion.

    Best of luck 

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