Learned a weird trick from a loan officer in Cleveland
I was at a credit union in Cleveland last year, refinancing a rental property. The loan officer told me to pay off my smallest debt first, not the highest interest one, which goes against everything I thought. He said it's more about keeping your debt to income ratio looking clean on paper than saving on interest for complex loans. He showed me my file and how one paid off card dropped my DTI by 3 points instantly. Has anyone else had a lender give them advice that seemed backwards but worked out?