Q&A: Am I better off paying down my credit card debt or using that money as a down payment for a home?

Question by Jeff B: Am I better off paying down my credit card debt or using that money as a down payment for a home?
I’m wondering if paying down my credit card debt will allow me to get a better credit rating and better mortgage rate. Or, am I better off saving that money and using it as a down payment on a new home purchase.

Best answer:

Answer by kris
pay back what you have borrowed before you borrow more.

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