Debt to Income Ratio and Credit Cards

So looking to get my first mortgage here in the next few months. Wondering how the following works with DTI vs CCs. I currently have several cards from personal credit cards, to charge cards and business cards. I spread my spend between 5 or so to maximize rewards on spending categories. I always leave a small balance of $100 more or less on each just so it shows spend and my utilization stays at a constant 1%. That being said, the credit cards show always a minimum balance of $25 to $40. I do always pay my balance in full before the due dates so I don’t carry balance.

I have been trying to figure how this is all going to be process when debt to income ratio is determined. I have read somewhere they look at the total of minimum balances. So I am wondering if I should for the next few months pay off each card before the statement close date so I get a balance of $0 for each card.

Thoughts?

submitted by /u/ivanm81001
[link] [comments]

So looking to get my first mortgage here in the next few months. Wondering how the following works with DTI vs CCs. I currently have several cards from personal credit cards, to charge cards and business cards. I spread my spend between 5 or so to maximize rewards on spending categories. I always leave a small balance of $100 more or less on each just so it shows spend and my utilization stays at a constant 1%. That being said, the credit cards show always a minimum balance of $25 to $40. I do always pay my balance in full before the due dates so I don’t carry balance. I have been trying to figure how this is all going to be process when debt to income ratio is determined. I have read somewhere they look at the total of minimum balances. So I am wondering if I should for the next few months pay off each card before the statement close date so I get a balance of $0 for each card. Thoughts? submitted by /u/ivanm81001 [link] [comments]

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