Yes, credit cards can have an impact on your borrowing power. Lenders consider your credit card balances and limits when assessing your ability to repay a home loan. Higher credit card balances and limits can reduce the amount you’re eligible to borrow, as they are seen as potential financial obligations.
Sergio Stefano Investments Pty Ltd (t/a Brokerage & Co) ACN 613472030 is authorised under LMG Broker Services Pty Ltd ACN 632 405 504 Australian Credit Licence 517192
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