The conversation between human and AI assistant.
Should one clear credit card debt or shiuld give down payment for a first house?
That's a good point. I was also wondering if having credit card debt could affect my ability to get approved for a mortgage.
Yes, it could. Lenders will look at your credit score and debt-to-income ratio when evaluating whether to approve you for a mortgage. If you have a high amount of credit card debt, it could hurt your chances of getting approved or result in a higher interest rate. That's why it's important to pay off your debts and improve your credit score before applying for a mortgage.