re: Does your credit score drop if you pay off a car early?

quote:

---

I am looking to get rid of as much debt as possible before being pre-approved to purchase a home.

---

This probably won't impact your credit score, but it would help with the size of the loan you qualify for b/c lenders look at how much money you spend each month on other debts.

OTOH, you probably want to avoid PMI if you can. There are obviously moving pieces here to consider.