Oooo ok, I did hear about the credit hit but I assumed it would fall off rather quickly. So stupid that paying off your loan makes you look worse. I will keep that in mind. Hopefully I'll be at that rate in a few years. I have savings, and with that in mind, I could pay it down to that amount, and have enough to put towards a down payment. That actually shortens my potential wait time by a bit! Thank you!