Budgeting to Debt‑Free: A 90‑Day Path to Get Mortgage‑Ready in Utah
As a Utah realtor, I see buyers win when they master a simple plan: budget clearly, eliminate costly debt, and protect credit. Do these steps now to widen loan options and lower stress later.
Build a zero‑based budget: assign every dollar to essentials, debt, savings, and lifestyle before the month starts. Trim fast by canceling subscriptions, meal planning, and re‑shopping insurance.
Create a starter emergency fund: save $500–$1,500 in a high‑yield account to avoid new debt when surprises hit.
Pick a payoff method: Snowball (smallest balance first) for motivation or Avalanche (highest rate first) to save interest. Automate minimums; throw extra at your target.
Lower interest: request APR cuts; refinance.
Protect your credit: pay on time, keep utilization under 30%—under 10% before applying—and avoid new accounts near pre‑approval.
Know your DTI: aim for 36–43% on the back end to expand mortgage choices.
90‑Day Roadmap: Month 1 track spending and save $500; Month 2 cut costs, add income, and pay extra on one debt; Month 3 re‑shop insurance and recurring bills, verify DTI ( debt to income), begin down‑payment savings. Need help? I’ll align your budget and home price for Weber & Davis County. call me 602-478-2726