The is designed to save you the most money on interest over time. List your debts by interest rate, from highest to lowest.
Lenders primarily look at your —the percentage of your gross monthly income that goes toward paying debts. To qualify for most conventional loans, you generally want your total DTI (including your future mortgage) to be 36% to 43% or lower. Reducing your debt not only improves your chances of approval but can also secure you a better interest rate. Strategy 1: The Debt Snowball Method how to pay off debt to buy a house
from the first debt into the next one once it’s paid off. Strategy 2: The Debt Avalanche Method The is designed to save you the most