Getting pre-approved for a Home Loan?

When getting pre-approved for a Home Loan is it better to have a small amount of debt and have a larger down payment or to be debt free but a smaller down payment? I have the option to use the rest of my savings to pay off the last of my credit cards but that will leave my savings drained for a few months. At the... show more When getting pre-approved for a Home Loan is it better to have a small amount of debt and have a larger down payment or to be debt free but a smaller down payment? I have the option to use the rest of my savings to pay off the last of my credit cards but that will leave my savings drained for a few months. At the same time we’re looking to buy a house.

Thanks
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