We're wanting to buy a house in about a year. Right now our FICO scores are all in the 690-730 range. Income around $100k. 1 car payment. I still have a few old baddies, and my wife has 1 old (6 years) repo reporting. In a year, our reports will be completely clean, and I will have paid off our last car and will have zero debt.
If we wait, are we going to miss the great interest rates. We will be using a VA loan to buy our first house.
Should we go ahead and get a preapproval and get the ball rolling? Or wait until everything is perfect around this time next year?
Edited by 921, 15 July 2012 - 03:06 PM.