first time buyer needs loan advice

[Administrator]

i am planning to buy a home in texas by next year but I’d like to prepare from now. How much do I save in the bank so that I can buy my first home? My credit score is 678. my credit cards have more than 40% balance. Is that good enough? My job is stable and my husband’s income will be added too so that we get a good amount for the purchase. I was just thinking if I should cut up my cards and consolidate debts and pay extra each month. Need to buy a car by next month. How will it affect my home buying? I'm looking to pay $350 monthly for the car. How do I calculate my debt income ratio? And can u suggest what loans can be good for me?


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(Source: mortgagefit.com)