Pay Off Debt To Buy A House - How To

, this is the fastest way to reduce what you owe, though it may take longer to see a "win" if your highest interest debt has a large balance. Strategy 3: Debt Consolidation

While paying off debt is vital, don't deplete your entire emergency fund. You still need cash for a down payment and closing costs. how to pay off debt to buy a house

The focuses on psychological wins to keep you motivated. List your debts from the smallest balance to the largest. Pay the minimum on every debt except the smallest one. , this is the fastest way to reduce

If you have multiple high-interest credit cards, consider a or a 0% APR Balance Transfer Card . This moves several payments into one lower-interest monthly payment. The focuses on psychological wins to keep you motivated

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This is not the time to buy a new car or finance furniture. New large debts can disqualify you mid-escrow.