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Personal Finances / Buying or Selling a Home


Subject:  Re: Debt-to-income ratio if self-employed Date:  2/13/2013  6:56 AM
Author:  inparadise Number:  124753 of 128887

FWIW, I would think that just making sure you overpay each month by $2K (or whatever) would give the same sort of result, without having to make weekly payments.

My Mastercard flat out rejects overpayments. This happened to me when the bank I have two of my credit cards through applied the wrong payment to each account, resulting in one underpaid and one overpaid, rather than both paid off.

Our credit gets dinged every time because we have a low limit on our cards, and often charge them up to near the max. The fact that we could have a credit limit 10X what we carry now on our cards, or that we pay them off in full every month does not keep our credit from getting dinged for "high" balance:credit limit. That said, it is still close to 800, so I don't really care.

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