Credit card debt and obtaining a mortgage?

When I pull up a mortgage calculator online for determining how much I can afford for a home I'm given the option to enter in monthly debt. I have credit card debt. How much do I enter in, the minimum?Credit card debt and obtaining a mortgage?
Hi Jennifer,





Enter your total minimum monthly payments for all of your debts, unless they are entered elsewhere in the calculator (like auto loan payments, etc).





It would help to have a link to the specific calculator you are using to say for sure. Hope this helps!





Oh, and perhaps even more important is knowing your ratios:





3 Simple Steps to Calculate Your ';Debt-To-Income Ratio'; and Credit Secrets Most People Will Never Know:





http://ezinearticles.com/?id=2314324Credit card debt and obtaining a mortgage?
There are two main forms of debt consolidation available to consumers. The first involves qualifying for and taking out a loan for the amount necessary to pay off all your credit card or other consumer debt balances in full. After applying for and being approved for a debt consolidation loan, the newly borrowed funds go directly to pay off all your debt. In many cases, your credit accounts that were in good standing are allowed to remain open, which can help your credit score considerably by showing that you have much available credit. The benefits are the simplification of multiple credit card bills into one, manageable monthly payment. The even greater benefit of debt consolidation loans is the reduction of the interest rate you will pay. For example, if you are currently paying 13% to 23% on several accounts, and a new debt consolidation loan gives you a 9% interest rate, you will save money and pay your debts off more quickly.





The second type of debt consolidation refers to using a credit counselor, or intermediary to negotiate with your creditors on your behalf. In this scenario, you debt is not necessarily consolidated (though it can be), but your total amounts are settled with the creditors. In this case, you may satisfy a debt in full by only paying a portion of it, but you may pay for it with your credit score if the account is closed.
As much as you can pay your card debt.
credit-report-score.10001mb.com - try this service to boost you credit score before getting loan. After credit repair you can get the loan with minimal interest rate.

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