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Updated over 7 years ago,
Pay off Student Loan prior to Mortgage app?
Hi. I've got about $3,000 left to go on my student loan, with a payment of $156/month. I'm going to be applying for an FHA mortgage in July. Only other debt is a car loan of $200/month, credit over 750.
Wondering if its better to show more cash on hand, or to pay the loan off and reduce monthly debt amount?