Need advice on getting a mortgageMy husband and I just signed a new 12 month lease and we hate renting. We have set the goal to be able to buy a house in a years time when this lease is up, and now we need to know what we need to do over the next year to put us in position to be approved for a mortgage and get a good interest rate.A few details: We had a foreclosure and bankruptcy that discharged 15 months ago. By the time we are wanting to buy next year, it will have been more than 2 years but not yet 3. The only debts we have now are his truck (about 13K) and my student loans (about 13K). I pulled our credit scores today and I have a 540, he has a 630. Our annual income is 125K and we are only looking to buy in the 150K range. By the time we are wanting to buy next year, he will have been at his job for a little more than 2 years, I will have been at mine for 7 years.My husband seems to think the best thing to improve our situation is to raise our credit scores, particularly mine, by buying something on credit and making payments on it. I hate the idea of accumulating more debt and really don't want to borrow money for anything again except a house. Instead, I'm hoping that if we save money for a big down payment, hopefully at least 20%, that will have a major positive effect for us. So, any opinions on which is more important, or are both necessary? Also, will this still be too close to the bankruptcy discharge? Any other advice appreciated as well.September 27 2011 - Queen Creek00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.