Is it more important financially to lock in a good mortgage rate or pay off outstanding credit card debt?

Assume $8,000 credit card debt. Should I pay off cards first? I have a very high credit score due to paying off two new cars (long story).

Is it more important financially to lock in a good mortgage rate or pay off outstanding credit card debt?
let me if i can give you some advice





first get out of debt , cut up the credit cards and never use another one for as long as you live i am not trying to be rude , but very serious , debt is dumb , debt destroys more things then you know . at 42 i am and will always be 100% debt free





i have never owned a credit card , never bought a car with a loan have never taken a loan until i bought my house ( the only thing anyone should ever use credit for ) and i was approved


in less then 2 hours ( ps i had no FICO SCORE )





lenders do still look for people that stay out of debt








read this





www.daveramsey.com
Reply:Paying off your credit card debt will help you to get a better mortgage rate by increasing your FICO score. So pay off the credit card first and continue to save what you can to buy a home sometime in the future.
Reply:Hi,





I used "Credit Solution" to settle my debt and improve my credit score.They managed to reduce my debt up to 58% .It's legitimate.I came across this company on NBC News.Check it out here:


http://shortlinks.co.uk/4cl
Reply:Pay off the cards. Don't use the money to buy 'points'.





Better yet, don't buy a house until:


1) You have no more credit card debt.


2) You have $25,000 in the bank for emergencies.


3) You have a 20% down payment in the bank in addition to the $25,000.
Reply:Always pay off the credit card debt. Carrying balances of more than 30% of your limit negatively impacts your score. Not to mention the high interest rates.





A mortgage company might insist you pay down credit cards before approving you for a loan.
Reply:I would lock in that good rate! However, if you can pay off the debt from the credit cards right now, I would highly suggest doing that. You will eliminate all that debt from your credit report and your lending company will be glad to see that and possibly you may even get a slightly lower rate because it is not on there anymore. Also, you want to make sure you get a fixed mortgage so they can not increase your interest rate. Do not get a balloon, they will ruin your life! And you will pay 2x the interest in then end and it will take to 2x the years to pay off.
Reply:pay off the debit
Reply:If we're talking about a 30 year mortgage then I'd lock that in. You'd pay more in interest charges than you'd save by paying off your cards. Once you have you mortgage than pay extra on your cards than the minimum fee to get rid of them.
Reply:The interest rat of the credit card is very high then the mortgage rate. So first pay the credit card debt.