Quote:
Originally Posted by Tommy-G
If you are thinking of buying a house soon, do not make any big purchases or new loans until you close on the house. It looks bad to creditors
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I think he has a 2 to 4 year time frame, so ideally this loan would be paid off or close to it, before the mortgage application.
But yes, try not to have your credit report pulled within a year of the mortgage app.
Not all debt is bad debt. If used correctly, debt can build wealth.