Among many other loans, I have a private loan that has a significant interest rate. I was recently offered several different personal loans through local banks and credit companies that offer lower interest rates. These would add up to significant savings over the long run. However, I am also saving for a downpayment on a future house.
Would a personal loan be more detrimental than a private student loan when listed on a credit report for mortgage loan approval?
Thanks, in advance

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The person to ask this question to is your mortgage broker. These days, your mortgage has become a commodity, with the broker's goal to sell your mortgage to the secondary markets with the least amount of headaches. To do so, he or she knows that the paperwork, including your credit report, needs to be in order, with no loose ends.

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