False, there are many programs that go lower than 660 credit score. Some even as low as 500 depending how much much of a down payment

False, debt is calculated into a debt to income ratio. Payments such as credit cards, auto loans, child support/alimony and in some cases student loans are factored into how much you can qualify for.

True and False. Yes they can however if you are shopping for a loan and inquiries are made within 30 days of each other will not heavily affect your score since they are small part of your credit. Make sure to pay your bills on time and keep low balances

False,

In addition to down payment there are closing costs. They consist of lender fees, appraisal, credit report, title charges, transfer tax 2% split between buyer and seller, recording fees and upfront escrow account set up.

False, there are many programs out there are can help get into a home with as little as 3.5% down or even no money down. Its always best to see which one you would qualify

False, there are many factors that determine how you qualify. In this hot market knowing how much you can work with helps your realtor know which houses to show you. Realtors can not write up an offer without an preapproval letter which can delay you getting that home.

False. A part of your score is based on how much debt you have and the balances. It likes seeing that you have low balances based on your high limits. DO NOT CLOSE ACCOUNTS