Posted inFinance
Does a Debt Consolidation Loan Affect Your Chances of Getting a Mortgage? Here’s What You Need to Know”
If you're considering buying a home and have multiple debts, you may be wondering if a debt consolidation loan can affect your ability to get a mortgage. The answer is, it depends. While a debt consolidation loan can help you manage your debts more effectively and improve your credit score over time, it can also impact your debt-to-income ratio and credit history, which are important factors that lenders consider when evaluating a mortgage application.