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Fulllips45

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When buying a house should all your credit cards have a zero balance

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The lender cares more about the total dollar amount of your minimum payments versus your income, also known as your front-end ratio. That's where having many open lines of credit (revolving or installment) can bite you. Individual balances aren't as much of a concern as the minimum monthly payments. Of course, if your balances are high enough it will affect your credit score due to high utilization, and that in turn could make a difference in your getting a loan, and what type of loan you qualify for.

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