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Updated over 5 years ago on . Most recent reply

Armand P.'s profile image
Armand P.'s profile image
Armand P.
  • New to Real Estate
  • from San Mateo, CA
  • Member since Aug 17, 2015

User Stats

127
Posts
12
Votes
Armand P.'s profile image
Armand P.'s profile image
Armand P.
  • New to Real Estate
  • from San Mateo, CA
  • Member since Aug 17, 2015
Armand P.
  • New to Real Estate
  • San Mateo, CA
12
Votes |
127
Posts
Starting Out

Paying off debt too help lower DTI

Armand P.
  • New to Real Estate
  • San Mateo, CA
Posted

Hello BP, 

I have a car note for $10k at 5.4% for 5 years along with a $5k credit card debt at 0%. Is it best to payoff the car loan now and avoid paying interest? Will this help boost my credit? Looking to improve my DTI so I can apply for investment loan.

Thanks,

Armand 

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