Consolidating debt can have both advantages and disadvantages when it comes to house ownership. Consolidating various debts into a single loan may lower your monthly payments, improving your debt-to-income ratio—an important consideration lenders assess when issuing a mortgage. Depending on how you handle the consolidation procedure, it may have an influence on your credit score. This guide investigates how debt consolidation can affect your ability to obtain a mortgage and provides advice on how to use this method effectively when preparing to buy a home.

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